An additional loan on a home.

A development made up of sections, whereby all section owners are members of a Body Corporate. Each section owner is responsible for their own section. Afrikaans - Deursnee Titel

A register of sections in a sectional title scheme registered in the deeds office.

Collateral for the bank that a client pledges in case they default on their mortgage payment. Afrikaans - Sekuriteit

Two separate homes, joined with one common dividing wall.

When a creditor seizes assets to recover unpaid debt. Afrikaans - Gesekwestreer

A registered right (as per the title deed) that a person has over the immovable property of another.

A buyer acquires a share in a company that owns the shareblock scheme, which entitles the buyer to use and occupy a specific unit. A shareblock buyer never receives the title to the unit. Afrikaans - Aandeleblok

A sectional title unit on one level with no stairs. Afrikaans - Simpleks

A property of maximum 20 hectares situated within close to a built-up area. Afrikaans - Kleinhoewe

A tax imposed by the government.

Written law of the country. Afrikaans - Statutêre Wet

Dividing of property into two or more portions, whereby a specific legal and technical procedure must be followed. Afrikaans - Onderverdeling

A term used to describe that the sale will only become unconditional if and when the stipulated conditions are met.

A housing allowance. Afrikaans - Subsidie

A person who stands as guarantor for a loan for someone else. Afrikaans - Borg

A measurement of land, prepared by a registered land surveyor, showing the location of the land with reference to known points, its dimensions, and the location and dimensions of any buildings. Afrikaans - Opmeet

A diagram that shows sub-divisions, servitudes and expropriations.

Conditions written into the Offer to Purchase by either party that must be fulfilled for the agreement to become unconditional and legally binding. Afrikaans - Ontbindende Voorwaardes