Base rental excluding operating costs and rates.
An amount recovered by the landlord from the tenant for the running costs of the property (security, rates, insurance, maintenance etc).
Net rental plus operating costs, but excludes consumables such as water and electricity.
Annual percentage increase in rental.
Gross lettable area.
Gross Building Area.
Tenant installation allowance.
Triple Net Lease
A lease that requires the tenant to pay all the running costs for the property ie: maintenance, security, rates, insurance etc.
Areas of the building that are for the communual use of all tenants such as entrance foyers, stairs, toilets, passages etc.
Floor Area Ratio.
A lease given by a tenant of the leased premises.
South African Property Owners Association.
Estate Agency Affairs Board.
In terms of the act,8565m² minimum.
Plot, Lot, Erf, Stand
Other names for township sites.
Ownership title restricted to leasing.
Ownership can be full title or sectional title.
Deed of sale
Agreement of sale.
1:100 year floodline building restriction.
Surveyor general diagram of land dimensions and coordinates.
Stand behind a stand with long access driveway.
Soil analysis with foundation recommendations.
Maximum land area that can be built on.
Same as coverage.
Bulk / FAR
Maximum permissible lettable/building area under roof.
Maximum floors or height of building in metres.
Number of dwellings per hectare.
Environmental impact assessment.
Environmental management plan.
Land rights (business,industrial,residential,farm).
Potential land rights supported by council.
Government gazette notice.
Agricultural sub-division of any kind.