Dictionary Conveyancing Terms

Debit Order An instruction to the bank to debit your account monthly with your monthly expenses, i.e. your An agreement between the customer and a bank whereby the bank lends the customer money in return for a security (mortgage bond) being registered over the property in the bank’s favour Afrikaans - Huislening

">homeloan The regular monthly amount that a borrower agrees to pay on an outstanding debt to a lender. Afrikaans - Paaiement

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

">Deeds Office for registering the 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 bond and 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. Afrikaans - Aktekantoor Registrasiefooie

A government department responsible for 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 of Land and everything that is permanently attached to it. Afrikaans - Onroerende Eiendom

">immovable property. Afrikaans - Aktekantoor

Failure to meet legal obligations in a A legally enforceable agreement, for example a lease or sale. Afrikaans - Kontrak

">contract. Afrikaans - Standaard

A A patent defect is a defect which is clearly visible on a normal property inspection and it is a purchaser’s duty to satisfy himself with regard to a property’s general condition prior to concluding a sale agreement.

">patent defect is a clearly visible 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

">defect. 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 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 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

">deposit is an amount that you pay upfront and is used as Collateral for the bank that a client pledges in case they default on their mortgage payment. Afrikaans - Sekuriteit

">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 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

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

 

 

">Duplex

 

 

Any A dwelling, usually in the form of a freehold property, with a structure built on it for the use of living in it. Afrikaans - Huis

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