Borrower (mortgagor)
Commercial property & real-estate term
The person or company that receives money from a lender (this is often a bank, credit union or trust company) in exchange for a written promise to pay and a registered lien on property.
Part of the Commercial Property glossary — plain-English definitions of the terms you meet when leasing, buying or selling commercial space in South Africa. See also our how-to guides.
More terms under “B”
Built to tenant requirements Blended rate Below-market interest rate (bmir) Bulk sales escrow Bill of sale Bond Building grades or classifications Betterment