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  • 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 co ordinates
  • 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

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