H.O.M.E.™ by Ferguson Law

Jamaican Property Glossary

Plain-English definitions of the terms you'll encounter when buying or selling property in Jamaica — and how they compare to UK and USA/Canada equivalents.

Section A

Terms That Differ Between Jamaica, UK, USA & Canada

TermJamaicaUKUSA / Canada
Attorney-at-LawPrimary legal advisor in property transactionSolicitorAttorney
CompletionCompletionCompletionClosing
ConveyancingProperty transfer processSameOften called Closing or Escrow
Down PaymentUsually 5–10% on signing Agreement for SaleOften 10% exchange depositEarnest Money Deposit
MortgageLoan secured by propertySameSame
Real Estate AgentLicensed real estate professionalEstate AgentRealtor / Broker
StrataApartment ownership structureLeasehold / Commonhold equivalentCondominium (Condo)
SurveyorMeasures boundaries, subdivision workSimilarLand Surveyor
TitleRegistered ownership documentRegistry titleDeed often proves ownership
ValuationValuation reportValuationAppraisal
Section B

Legal Terms

Agreement for Sale

Plain English: The deal document before ownership changes hands.

Why it matters: It sets the terms, rights, and obligations before transfer.

AML (Anti-Money Laundering)

Plain English: Compliance checks to prevent illegal funds entering the transaction.

Why it matters: Protects the transaction from being used for unlawful activity.

Apostille

Plain English: Certification for foreign documents such as Powers of Attorney, affidavits, and declarations.

Why it matters: Confirms that foreign paperwork is properly validated for use in the transaction.

Beneficial Owner

Plain English: The real person who ultimately owns or controls the property or transaction.

Why it matters: Identifies the true owner behind the legal paperwork.

Caveat

Plain English: A warning flag on the property record.

Why it matters: It alerts others that title is being challenged or claimed.

Certificate of Title

Plain English: The official proof of who owns the property.

Why it matters: It confirms ownership and transfer rights.

Conveyancing

Plain English: The process that moves property from seller to buyer.

Why it matters: It covers the steps needed to complete the transaction.

Easement

Plain English: Someone else may use part of the land for a specific purpose.

Why it matters: You may own the land but not have exclusive use of every part.

Encumbrance

Plain English: Baggage attached to a property.

Why it matters: It can affect use, sale, or value.

KYC (Know Your Customer)

Plain English: Identity and background checks required before a transaction can proceed.

Why it matters: Helps verify who is involved and supports compliance checks.

Notary Public

Plain English: Certification for foreign documents such as Powers of Attorney, affidavits, and declarations.

Why it matters: Confirms that foreign paperwork is properly validated for use in the transaction.

Source of Funds

Plain English: Proof showing where purchase money came from — salary, savings, sale proceeds, or inheritance.

Why it matters: Shows the money is legitimate and properly documented.

Section C

Jamaica-Specific Terms

NHT

National Housing Trust — a concept unique to Jamaica with no direct foreign equivalent. Allows qualifying contributors to withdraw savings toward a home purchase or access NHT mortgage financing.

TRN

Tax Registration Number — a 9-digit number required for virtually all property transactions in Jamaica. Similar in function to a Social Security Number (USA) or National Insurance Number (UK), though not a direct equivalent.

NLA

National Land Agency — Jamaica's land registry authority, responsible for title registration and searches.

TAJ

Tax Administration Jamaica — responsible for Stamp Duty, Property Tax, and Transfer Tax administration.

Registered Land

Land governed by the Registration of Titles Act. This is the gold standard of Jamaican property ownership — the title is government-guaranteed.

Section D

Terms That Often Confuse Overseas Buyers

"Completion" vs "Registration"

Completion is the stage at which the sale transaction is finalised — following payment of the purchase money.

Registration is when the new owner's name is placed on the title and possession is granted.

"Pre-Qualification" vs "Mortgage Approval"

A Pre-Qualification is a conditional indication from a mortgage lender that the applicant may be favourably considered for a mortgage loan of a stated sum.

It is a strong indicator to real estate agents and vendors of the amount of financing the applicant is likely to have in place.

"Registered Owner" vs "Beneficial Owner"

The Registered Owner's name appears on the title.

Property may have a Beneficial Owner on whose behalf the Registered Owner holds the property.

"Title" vs "Deed"

Title usually refers to the Registered Title issued by the NLA under the Registration of Titles Act.

A Deed shows ownership of unregistered land.

"Valuation" vs "Inspection"

A Valuation report provides a professional estimate of the market value of the property.

An Inspection may be conducted by the purchaser or professionals acting on their behalf to confirm the condition of the property, the boundaries, and whether any other interests or activities are apparent which might affect the purchaser's interests.