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Dictionary Conveyancing Terms

Property Law and Conveyancing Glossary of Terms

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An instruction, authority or agreement given to a realtor by a seller, to market their property. Afrikaans - Mandaat

Mark Value

The price that a willing and financially able buyer would pay, to a willing seller, for a property in a particular area at a given time. Afrikaans - Markwaarde

Married in Community of Property

Parties have a joint estate and any immovable property will be registered in both spouses’ names. Afrikaans - Getroud Binne Gemeenskap Van Goedere


The date on which the principal balance of a loan becomes due and payable.


This document forms part of the constitution of a company and contains valuable information about the company.


A person who is unmarried and under the age of 21. Afrikaans - Minderjarige


An agreement between the customer and a bank in the form of a homeloan, whereby the property is used as the security for the loan. It is a legal document that pledges a property to the lender as security for payment of a debt. Afrikaans - Verband

Mortgage Originator

An individual or company that assist buyers in applying for a mortgage, homeloan or building loan, with the different banks. Afrikaans - Verband Skepper


The lender usually a bank, that advances or lends money on the security of a property purchased.


The borrower, who borrows from a lender by mortgaging his property to the lender as security. Afrikaans - Verbandgewer