A charge payable to the land authority on registering a change of ownership, often a percentage of price; Dubai Land Department's 4% and Egypt's registration levies are typical examples.
Related terms
- Vendee
The buyer of a property under a sale contract; the counterparty to the vendor.
- Vendor
The seller of a property under a sale contract.
- Adverse possession
Acquisition of title by occupying land openly and continuously for a statutory period without the owner's objection; recognised in Egyptian civil law (hiyaza)…
- Beneficial ownership
The party who ultimately enjoys the benefits of ownership even where legal title is held by a nominee, trustee, or SPV; disclosure of beneficial ownership is i…
- Cadastre
The official register mapping land parcels with their boundaries, area, and ownership; Egypt's Survey Authority and the UAE municipalities maintain cadastral r…
- Chain of title
The unbroken sequence of ownership transfers from the current owner back through prior owners; a gap or defect in the chain is a red flag that must be resolved…
- Commission agreement
A signed contract fixing a broker's fee and the trigger for earning it (introduction, exchange, or completion); across the Gulf and Egypt a written, dated agre…
- Conveyancing
The legal process of transferring property ownership from seller to buyer.