Browse Land lots For rent in Durban, KwaZulu-Natal or list your own. Advertise, sell your property, list it for letDurban ( DUR-bən) (Zulu: eThekwini, from itheku meaning 'the port'), nicknamed Durbs, is the third most populous city in South Africa after Johannesburg and Cape Town and the largest city in the South African province of KwaZulu-Natal. Durban forms part of the eThekwini Metropolitan Municipality, which includes neighbouring towns and has a population of about 3.44 million, making the combined municipality one of the largest cities on the Indian Ocean coast of the African continent. Durban was also one of the host cities of the 2010 FIFA World Cup.
Durban was formerly named Port Natal due to its position as the chief seaport of South Africa, and its location on the Natal Bay of the Indian Ocean. Durban is a highly ethnically diverse city, with large Zulu, White, and Asian populations.In real estate, a lot or plot is a tract or parcel of land owned or meant to be owned by some owner(s). A lot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries. Possible owner(s) of a lot can be one or more person(s) or another legal entity, such as a company/corporation, organization, government, or trust. A common form of ownership of a lot is called fee simple in some countries.
A lot may also be defined as a small area of land that is empty except for pavement or similar improvement. An example would be a parking lot. This article covers lots as parcels of land meant to be owned as units by an owner(s).
Like most other types of real estate, lots owned by private parties are subject to a periodic real estate tax payable by the owners to local governments such as a county or municipality. These real estate taxes are based on the assessed value of the real property; additional taxes usually apply to transfer of ownership and property sales. Other fees by government are possible for improvements such as curbs and sidewalks or an impact fee for building a house on a vacant lot.Source: https://en.wikipedia.org/