Property Law and Conveyancing Glossary of Terms
| Term | Definition |
|---|---|
| Mandate | An instruction, authority or agreement given to a realtor by a seller, to market their property. Afrikaans - Mandaat |
| Mark Value | The price that a willing and financially able buyer would pay, to a willing seller, for a property in a particular area at a given time. Afrikaans - Markwaarde |
| Married in Community of Property | Parties have a joint estate and any immovable property will be registered in both spouses’ names. Afrikaans - Getroud Binne Gemeenskap Van Goedere |
| Maturity | The date on which the principal balance of a loan becomes due and payable. |
| Memorandum | This document forms part of the constitution of a company and contains valuable information about the company. |
| Minor | A person who is unmarried and under the age of 21. Afrikaans - Minderjarige |
| Mortgage | |
| Mortgage Originator | An individual or company that assist buyers in applying for a mortgage, homeloan or building loan, with the different banks. Afrikaans - Verband Skepper |
| Mortgagee | The lender usually a bank, that advances or lends money on the security of a property purchased. |
| Mortgagor | The borrower, who borrows from a lender by mortgaging his property to the lender as security. Afrikaans - Verbandgewer |
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