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Immovable Property: This term refers to property, fixed property, land (and everything attached to it) surveyed and plotted on a diagram, registered or to be registered in the Deeds Registry and can also refer to long-term lease (10 years +) or a registered leasehold.
Improper Conduct: The grounds for improper conduct by estate agents are set out in the Estate Agents Act and Code of Conduct. Any person (including other agents or Board members) aggrieved by the acts of an estate agent may lay charges of improper conduct against that agent before the Namibian Estate Agent's Board.
Income and Joint Income: When applying for a home loan the monthly income should be consistent, regular and stable to sustain regular monthly repayments on the home loan. Joint income is the combined monthly income of those individuals who are purchasing a home jointly
Initiation Fee: This is a once-off fee allowed in terms of the Usury Act to offset the cost of opening the account (to every new home loan granted).
Insolvent: A debtor who owes money to a creditor and is unable or refuses to pay the debt (by committing an act of insolvency in terms of the Insolvency Act) and whose estate is thereafter declared insolvent... Click here to read the rest of this article | 
