Dictionary Conveyancing Terms

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

">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 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 scheme registered in the A government department responsible for the registration of transfer of immovable property. Afrikaans - Aktekantoor

">deeds office.

The amount of security provided to secure a mortgage bond. Afrikaans - Kollaterale

">Collateral for the bank that a client pledges in case they Failure to meet legal obligations in a contract. Afrikaans - Standaard

">default on their 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 payment. Afrikaans - Sekuriteit

Two separate homes, joined with one common dividing wall.

When a Someone to whom you owe money. Afrikaans - Skuldeiser

">creditor seizes assets to recover unpaid debt. Afrikaans - Gesekwestreer

A registered right (as per the A document that gives evidence of an individual's ownership of property. It includes the following information about the property: names of the current and previous owners; a full description including it’s square meterage; the purchase price paid by the existing owner; all conditions restricting the use; and all limited real rights registered. Afrikaans - Titelakte

">title deed) that a person has over the Land and everything that is permanently attached to it. Afrikaans - Onroerende Eiendom

">immovable property of another.

A buyer acquires a share in 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 that owns the 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

">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 A clause that renders the operation and consequences of the contract as a whole dependent on an uncertain future event. A suspensive condition suspends the operation of the contract for a period of time, subject to the occurrence of a future event, and only if and when the condition has been fulfilled will an enforceable contract exist. In the case where a resolutive condition is stipulated, the contract is immediately binding and will remain binding unless the condition is not fulfilled. Afrikaans - Toestand

">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 Procedure where a property is taken over, usually by local authorities, for specific purposes in the public interest. Afrikaans - Onteiening

">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