| Security | Property offered as backing for a loan. In the case of a home loan money usually acts as the security. |
| Security deposit | The security deposit "shikikin", usually amounts to 2-3 months rent. It is refundable. This security deposit is to cover such costs as unpaid rent. The landlord may also apply these monies to carrying out repairs and cleaning of the property, fixtures, when the tenant moves out. The remaining balance, if any, is refundable to the tenant. In a worst case scenario, you may be billed for further payments. |
| Semi-detached | Two buildings joined by a common wall. |
| Setback | The amount of space local zoning regulations require between a lot line and a building line. |
| Settlement | Completion of sale when balance of contract price is paid to the vendor and the buyer is legally entitled to take possession of the property. |
| Sole agency | One agent or agency has the exclusive rights to sell a property. |
| Stamp duty | A State Government tax imposed on the sale of real estate. It is determined by the sale value, and it varies between states. |
| Strata Title | Most commonly used for flats and units, this title gives you ownership of a small piece of a larger property including 'air space'. You have sole right to a particular unit and can lease, sell or legally dispose of your unit as you desire. You also have an undivided share of the common land. You also become a member of the Body Corporate which controls maintenance. |
| Stratum Title | This title gives you legal ownership over a piece of property and also gives you a share in the company set up to look after the common areas of the flats or units you live in. It does not include 'air space'. |
| Survey | Confirmation of the property boundaries and improvements. |
Glossary 
