| Settlement |
The gathering of interested parties i.e. solicitors, agents, banks to complete the transaction of the sale of the property. Cheques are handed over in exchange for the relevant security documents, keys, etc. |
| Share |
A person who buys a portion of a company's capital becomes a shareholder in that company's assets. |
| Stamp Duty |
A government charge on the purchase price of the property and also the mortgage documents. |
| Survey |
A map prepared by an engineer or surveyor charting a particular piece of real estate. |
| Strata Title |
A type of title used for units, multiple residences-giving you ownership of a defined part of the property and membership of the Body Corporate. |
