Dictionary Conveyancing Terms
Property Law and Conveyancing Glossary of Terms
| Term | Definition |
|---|---|
| Occupation | The date when the buyer is entitled to physically occupy the new property. Afrikaans - Beroep |
| Occupational Rent | An amount paid by the person occupying the property to the party in whose name the property is registered, if the 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 does not take place at the same time as the The date when the buyer is entitled to physically occupy the new property. Afrikaans - Beroep ">occupation date. Afrikaans - Okkupasiehuur |
| Office To Purchase | See Agreement of Sale. Afrikaans - Koop Kontrak van Grond |
| Option | An offer made to a person coupled with an undertaking by the person making the offer not to revoke his offer for a specific period. Afrikaans - Opsie |
