• Home
  • Dictionary Conveyancing Terms

Dictionary Conveyancing Terms

Property Law and Conveyancing Glossary of Terms

Search for glossary terms (regular expression allowed)
Begin with Contains Exact term
Term Definition
Rates and Taxes

Taxes are levied on all property owners by the municipality. Rates are included in the levy if you buy Sectional Title. They are payable on a monthly basis and are calculated as a percentage of the value of the property. Afrikaans - Eiendomsbelasting

Rates Clearance Certificate

Issued by the local authority stating that the rates and taxes have been paid to a future date in respect of the property. Afrikaans - Munisipale Heffings Sertifikaat

Real Estate Agent

See realtor. Afrikaans - Eiendomsagent

Real Righ

A right over or in respect of immovable property and registered against the title deed of the property. Afrikaans - Saaklike Reg

Realtor

A person licensed to negotiate and transact the sale of real estate on behalf of the property owner. Afrikaans - Makelaar

Registering Attorney

This attorney attends to the registration of the new bond into the name of the buyer. Afrikaans - Registreerde Prokureur

Registration of Transfer

The process whereby ownership of property transfers from the seller to the buyer via a Deed of Transfer. Afrikaans - Registrasie Van Oordrag

Repo Rate

A credit management tool used by the South African Reserve Bank to regulate customer spending in the country. Afrikaans - Repo Koers

Repossession of Property

See foreclosure. Afrikaans - Terugneming van Eiendom

Resolutive Condition

The contract is immediately binding and will remain binding unless the condition is not fulfilled.

Risk Profile

A person’s credit worthiness. Afrikaans - Risikoprofiel