Glossary

Property Law and Conveyancing Glossary

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Glossaries

Term Definition
General plan

A plan which represents the relative positions and dimensions of two or more pieces of land and has been signed by a land surveyor and which has been approved provisionally approved or certified as a general plan by the Surveyor-General or another authorized official.

Guarantee

Guarantee A formal letter issued by a financial institution to the transferring attorney undertaking to pay the purchase price (or outstanding amount) on registration of transfer of the property into the name of the buyer. Afrikaans - Waarborg

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