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South African Real Estate

a

There are definitions relating to "a" awaiting approval...

absentee bid - An absentee bid is a procedure which allows a bidder to participate in ...

absolute auction - An absolute auction is an auction where the item on auction is sold to ...

absorption rate - Absorption rate is a ratio used to enumerate the number of properties in ...

abstract - 'Abstract', where real estate is concerned, refers to a written history o...

abstraction method - An abstraction method is a method used for estimating the value of proper...

acceleration clause - An accelleration clause is a provision in a mortgage note , which gives ...

accessory building - An accessory building is a building that stands separate from the main st...

additional principal payment - An additional principal payment is an amount, paid by a borrower , of mo...

adjustable-rate mortgage - An adjustable-rate mortgage is a mortgage that permits the lender to ...

adjustment date - Adjustment date refers to the date when the interest rate on an adjustabl...

adjustment interval - A specified period between changes in the interest rate or monthly paymen...

adjustment period - For an adjustable rate mortgage, the adjustment period is the time period...

administration fee - An administration fee (in terms of mortgage bonds) is the fee charged by ...

advocate - An advocate is a lawyer who takes instructions from attorneys and who gen...

affordability analysis - An estimation of a borrower 's ability to afford the purchase of a home ...

agreement of sale - A written contract (agreement) that states the terms and conditions under...

alienate - In terms of the Alienation Of Land Act 68 of 1981, 'alienate' means to se...

alienation of land - The sale, donation, or exchange of immovable property . ...

amortization - Amortization refers to the process of repaying a loan, or the gradual rep...

amortization schedule - An amortization schedule is a timetable for payment of a mortgage loan (o...

amortize - To 'amortize' a home loan means to make regular repayments on a mortgage....

annual percentage rate - The measure of the actual cost of borrowing money expressed in the form o...

annual premium - The 'annual premium' is the yearly premium payable in respect of a life a...

annuity - An investment that pays out an amount at regular intervals (paid weekly, ...

ante-nuptial contract - An ante-nuptial contract is an agreement between two people, which they e...

application fee - A fee payable to the lender for the initial expenditures of processing a ...

appraisal - 'Appraisal' is the act, or process, of estimating value. An appraisal is...

appraisal fee - Fee charged by a certified appraiser to give an estimate or opinion of ma...

appreciation - Appreciation is an increase in the value of an item (e.g., the increase i...

arbitration - The conflict resolution process whereby the parties to a dispute agree to...

arbitration tribunal - The arbitration body (or even a single person) apointed to arbitate and s...

assessed value - The estimated value of a property at a certain point in time, for a speci...

assessor - A public official who establishes the value of a property for taxation pu...

asset - Anything of monetary value that is owned by a person, trust, close corpor...

assignment of mortgage - A document evidencing the transfer of ownership of a mortgage from one pe...

assumable mortgage - A mortgage loan that can be 'taken over' (assumed) by the buyer when a ho...

assumption fee - A fee a lender charges a buyer who will assume the seller's existing mort...

attorney - An attorney is a lawyer who provides general legal services and who may i...

auction - A method of selling property to the buyer in a public forum through open ...

auction clerk - The person employed by the principal auctioneer or auction firm to record...

auction plan - The pan for pre-auction, auction day and post auction activities, which t...

auction price - The price of a property obtained through the auction method of marketing....

auctioneer - The person whom the seller appoints to direct, conduct, or be responsible...

auditor - A professional person registered in terms of the Public Accountants And A...


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