Property Law and Conveyancing Glossary

There are 16 entries in this glossary.
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Term Definition
Tax Certificate

A breakdown of how much interest and insurance was paid as well as total repayments to the home 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


Where the deceased has left a will which has been accepted by the Master.


A property development where occupancy time is sold.

Title Deed

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

Proof of ownership or a limited real right


A general term for either a simplex or a duplex. Afrikaans - Meenthuis

Transfer Cost

Costs payable for the registration of a property and include transfer duty conveyancing fees and registration fees. Afrikaans - Oordrag Koste

Transfer Duty

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


A person or body who accepts transfer of ownership in land in by way of a deed of transfer


The person or body who transfers ownership in land to the transferee in a deed of transfer



Transferring Attorney

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

Transferring Attorney


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 Account

The separate 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.