Property Law and Conveyancing Glossary
The bank’s assessed valuation of the property.
What you own. Movable and immovable property plus investments such as shares; and all other belongings.
An agreement concluded between the members of a close corporation which states the contractual capacities and responsibilities of the members.
Method of selling a property to a person who makes the highest bid. Also read our informative article on buying property on auction.
The verification of any signature on a document
A financial institution.
The controlling body of a sectional title scheme responsible for the costs of upkeep and maintenance of the property.
|Bond Registration Fees||
Payable by the borrower to the bond attorneys who are attending to the registration of the bond at the Deeds Office.
The time period over which you have to repay your home loan.