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