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
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UNDER CONTRACT
A property for which the seller has accepted the b ...
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UNDERWRITING
The process of evaluating a loan application to de ...
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UNENCUMBERED PROPERTY
Land that has no major title deed restrictions, cl ...
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UNSECURED LOAN
A loan that is not backed by collateral. ...
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UPSET PRICE
An amount set by the court which creates the reser ...
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URBAN PROPERTY
Property in a city or a high-density area. ...
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URBAN RENEWAL
The process of acquiring and redeveloping property ...
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URBAN SPRAWL
Slang term for the growth of cities in an unplanne ...
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USABLE AREA
This ratio describes the proportion of space that ...
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USEFUL LIFE
An estimation of the period of time over which a p ...
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