Legal Speak Made Easy

Legal Speak Made Easy

“Trust account” You will most often come across trust accounts in your dealings with attorneys and estate agents, who must use them to hold funds on behalf of clients and other third parties. The funds in a trust account must be kept in a registered South African bank...
A R4.25m Warning to Choose Your Conveyancer With Care

A R4.25m Warning to Choose Your Conveyancer With Care

“Trust me, I’m a lawyer.” (Popular T-shirt slogan) South African property buyers and sellers will have been cheered by news that we are now officially the most affordable country in the world in which to buy a home. We’re only a nose ahead of the USA and Bahrain in...
Legal Speak Made Easy

Legal Speak Made Easy

“Mortgage”, “Mortgage Bond” and “Home Loan”: What’s the Difference? Derived from French “mort” and “gage” (literally “dead pledge” because it “dies” when settled), a mortgage secures a creditor’s claim and enables it to sell the bonded property if the debtor defaults...