means—
| (a) | immovable property registered in the name of a person, and includes a unit as defined in section 1 of the Sectional Titles Act, 1986 (Act No. 95 of 1986); or |
| (b) | a right registered against immovable property in the name of a person; |
(Definition of “property” inserted by section 35(b) of Act 51 of 2002)