Commercial Property in South Africa For Sale and To Let
Feb 10, 2025
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Glossary - Words and Terminology used in Commercial Property
S
SALE AGREEMENT
Also known as "Agreement of Purchase and Sale" or ...
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SALE AND LEASEBACK
A financing arrangement in which real property is ...
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SALES COMPARISON APPROACH
Method of estimating value of a property by compar ...
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SANDWICH LEASE
A slang term for a sublease, where the tenan ...
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SECURITY DEPOSIT
Money held by the landlord to ensure the tenant me ...
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SELF-AMORTIZING MORTGAGE LOAN
A loan which will be paid off by the end of ...
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SELLER'S MARKET
Demand is greater than supply, such that the vendo ...
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SHELL LEASE
A rental agreement wherein the tenant rents the in ...
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SOFT MARKET
Also known as a "buyers or tenants market", ...
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SPECULATIVE BUILDER
A developer who constructs a building or comercial ...
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SPECULATOR
Someone who buys property on the expectation that ...
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STAMP DUTY
The charge levied by governments on the transfer o ...
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SUBDIVISION
The creation of a number of smaller properti ...
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SUBLEASE
A rental contract between a tenant and someone who ...
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SUPPLY AND DEMAND
In real estate appraisal context, the principle of ...
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SURFACE RIGHT
A legal interest in the use or occupation of the t ...
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