Property Law and Conveyancing Glossary
|Second Bond or Mortgage||
An additional 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
|Sectional Title Register|
Two separate homes joined with one common dividing wall.
When a creditor seizes assets to recover unpaid debt. Afrikaans - Gesekwestreer
Court declaration of a natural person's estate as being insolvent
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.