Legal & ownership
Ownership
15 articles in this topic.
Agreement of Sale Explained
An Agreement of Sale is the legally binding contract between a seller and purchaser setting out the terms under which a property will be sold.
Beneficial Ownership
The registered owner of a property is not always the person who ultimately benefits from it. Beneficial ownership refers to the individual or entity that enjoys the economic benefits of the property.
Caveats Explained
A caveat is a legal notice recorded to protect an interest in property or prevent certain dealings until a dispute or claim has been resolved.
Cession Rights Explained
A cession transfers contractual rights to occupy or acquire property rather than ownership through a registered Title Deed.
Conveyancing Process
Conveyancing is the legal process of transferring ownership of immovable property.
Deed of Transfer
A Deed of Transfer is the document registered in the Deeds Registry that transfers ownership from the seller to the buyer.
Freehold vs Leasehold
Freehold ownership gives the owner permanent ownership of the land and improvements, subject to applicable laws.
Joint Property Ownership
Property may be owned by two or more people jointly.
Property Ownership FAQs
Yes. Property can be jointly owned, subject to the applicable legal documentation.
Sectional Title
Sectional Title allows individuals to own a specific unit within a larger development while sharing ownership of common property.
Servitudes and Encumbrances
Servitudes and encumbrances are legal rights or restrictions that may affect how a property can be used.
Share Block Ownership
In a Share Block scheme, purchasers own shares in a company that owns the property. The shares provide the right to occupy a particular unit.
State Land vs Private Land
Property in Zimbabwe may be held as State Land or Private Land. Understanding the distinction is essential before purchasing.
Title Deeds Explained
A Title Deed is the official legal document registered at the Deeds Registry that proves ownership of immovable property.
Title Deeds vs Cessions
Neither is automatically better. Buyers should understand the legal structure of the transaction and obtain professional advice before purchasing.