Dictionary Conveyancing Terms

A breakdown of how much interest and insurance was paid, as well as total repayments to the home A sum of borrowed money (principal) that is generally repaid with interest. Afrikaans - Lening

">loan account over a certain period. Afrikaans - Belastingsertifikaat

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

A property development where occupancy time is sold.

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 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 restricting the use; and all A registered right over someone else’s property, such as servitudes and mortgage bonds. Afrikaans - Beprekte Saaklike Reg

">limited real rights registered. Afrikaans - Titelakte

A general term for either a A sectional title unit on one level with no stairs. Afrikaans - Simpleks

">simplex or a A sectional title unit on two levels with stairs. Afrikaans - Duplex

 

 

">duplex. Afrikaans - Meenthuis

Costs payable for the registration of a property and include A tax levied by the government on the transfer of land. If the purchase price includes VAT no transfer duty is payable. Afrikaans - Hereregte

">transfer duty, conveyancing fees, and registration fees. Afrikaans - Oordrag Koste

A tax levied by the government on the transfer of land. If the purchase price includes VAT no transfer duty is payable. Afrikaans - Hereregte

Appointed by the seller to attend to the transfer of the property into the name of the buyer. Afrikaans - Oordragprokureur

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

">contract between the founder and the A person appointed to manage the affairs and assets of a trust. In terms of sectional title, the trustees attend to the day-to-day running of the scheme, which includes the collection of levies and the employment and management of staff.

">trustee in terms of which the trustee is to administer the 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 fund for the benefit of the beneficiaries.

The separate When attorneys and/or realtors hold money for clients, it is deposited into separate Interest Bearing Accounts, until these monies and interest accrued during this time have to be paid out to whom they are owed. Afrikaans - Rentedraende Rekening

">interest bearing accounts used when attorneys and/or realty companies hold money for people, until these monies and interest have to be paid out to whom they are owed.

A person appointed to manage the affairs and assets of a trust. In terms of 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, the trustees attend to the day-to-day running of the scheme, which includes the collection of levies and the employment and management of staff.