Dictionary Conveyancing Terms

The person who lets out a property to someone else. Afrikaans - Verhuurder

A A latent defect, on the other hand, is one that cannot be seen or ascertained during the course of a normal property inspection.

">latent defect, on the other hand, is one that cannot be seen or ascertained during the course of a normal property inspection.

A A legally enforceable agreement, for example a lease or sale. Afrikaans - Kontrak

">contract whereby the The person who lets out a property to someone else. Afrikaans - Verhuurder

">landlord allows the A person who occupies a property, but does not own it and pays rent in return. Afrikaans - Huurder

">tenant temporary use of a Any house, flat, apartment, room, hostel room, hut, shack, outbuilding, garage or demarcated parking space. Afrikaans - Woning

">dwelling, in return for payment, known as rent. Afrikaans - Huurkontrak

A A trading entity that is commonly used for commercial activity and may enter into agreements of sale or lease in its own name. Afrikaans - Maatskappy

">company, close corporation or A contract between the founder and the trustee in terms of which the trustee is to administer the trust fund for the benefit of the beneficiaries.

">trust. Afrikaans - Regspersoon

A person who occupies a property (also known as a tenant), but does not own it and pays rent in return. Afrikaans - Huurder

The person who rents out a property to someone else. Afrikaans - Verhuurder

Levy is the owner of a sectional title unit’s proportionate share of the costs incurred by the complex for the month. Afrikaans - Heffing

">Levy is the owner of a 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

">sectional title unit’s proportionate share of the costs incurred by the complex for the month. Afrikaans - Heffing

Issued by the body corporate of a sectional title scheme stating that the levy has been paid to a future date in respect of the property. Afrikaans - Heffing Klaring Sertifikaat

A person's long-term and short-term financial obligations. Afrikaans - Aanspreeklikheid

Where a person has improved someone else’s property or has incurred certain expenses in respect thereof, he may retain It passes to the buyer on registration of transfer, with all obligations and rights to the property passed to the new owner. Afrikaans - Besitting

">possession of such property until the debt due to him has been discharged, it is the right to retain possession.

A registered right over someone else’s property, such as servitudes and An agreement between the customer and a bank in the form of a homeloan, whereby the property is used as the security for the loan. It is a legal document that pledges a property to the lender as security for payment of a debt. Afrikaans - Verband

">mortgage bonds. Afrikaans - Beprekte Saaklike Reg

A sum of borrowed money (principal) that is generally repaid with interest. Afrikaans - Lening

The act of handing in the necessary documents at the A government department responsible for the registration of transfer of immovable property. Afrikaans - Aktekantoor

">Deeds Office for examination and The process whereby ownership of property transfers from the seller to the buyer via a Deed of Transfer. Afrikaans - Registrasie Van Oordrag

">registration of transfer. Afrikaans - Indiening