Property Law and Conveyancing Glossary
The fee charged for borrowing money. Afrikaans - Belangstelling
|Interest Bearing Account|
The percentage of a loan that a financial institution charges which is payable monthly. Afrikaans - Rentekoerse
This is an estate:
- Where the deceased died without leaving a will, or
- Where he/she did leave a will but this will was not accepted by the Master, or
- Where it was accepted by the Master but it failed for some for other reason.
A money source for a lender. Afrikaans - Beleggers
The total gross income of the mortgage applicants. Afrikaans - Gesamentlike Inkomste
An investment entity formed by one or more entities in order to acquire or develop and manage assets.
This is a document containing the wills of two or more persons, and is most frequently made by spouses married in community of property to each other.
A legal recording of a person’s inability to honour a debt. Afrikaans - Vonnis
The person who lets out a property to someone else. Afrikaans - Verhuurder
A latent defect on the other hand is one that cannot be seen or ascertained during the course of a normal property inspection.
The power or ability to be the bearer of rights and duties
A person to whom the testator has bequeathed a specific thing or general things or a sum of money, that is, a specific bequest.