Dictionary Conveyancing Terms

Debit Order An instruction to the bank to debit your account monthly with your monthly expenses, i.e. your homeloan installment. Afrikaans - Debietorder

Someone who owes you money. Afrikaans - Skuldenaar

Also referred to as the Agreement of Sale or Offer to Purchase. Afrikaans - Koopkontrak

Charged by the Deeds Office for registering the mortgage bond and title deed. Afrikaans - Aktekantoor Registrasiefooie

A government department responsible for the registration of transfer of immovable property. Afrikaans - Aktekantoor

Failure to meet legal obligations in a contract. Afrikaans - Standaard

A patent defect is a clearly visible defect. A latent defect is a fault or flaw that is not immediately detectable, or is hidden from view on inspection of the property. Afrikaans - Defek

Money you have readily available that you use as part of the payment on your new property. When renting property, a deposit is an amount that you pay upfront and is used as security in the event that you cause any damage to the property while renting it. Afrikaans - Deposito

Also referred to as Domicilium. It is the physical address a person gives for any legal documents and notices that might have to be served, it is the place where a person is deemed to be a permanent resident and may not be be a PO Box or Private Bag Address. . If you have been sent a document or notice to this address, you will be deemed to have received it, even if you did not in fact receive it. Afrikaans - Betekeninings Adres

See Domicilia Citandi et Executandi. Afrikaans - Domisilie

Money paid to make up the difference between the purchase price and the mortgage amount. Afrikaans - Af Betaling

One of two separate free-standing or attached units that have been built on one stand. Afrikaans - Duet Behuising

A sectional title unit on two levels with stairs. Afrikaans - Duplex

Any house, flat, apartment, room, hostel room, hut, shack, outbuilding, garage or demarcated parking space. Afrikaans - Woning