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King s Food Wins Four Public Sector Catering Awards

King s Food Wins Four Public Sector Catering Awards
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Buying or selling a home? Here is all you need to know about occupational rent

Buying or selling a home? Here is all you need to know about occupational rent
iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.

This is what you need to know about occupational rent

This is what you need to know about occupational rent Share Occupational rent: a concept that most buyers and sellers have some idea about – but they are not always certain of the nitty gritty. Who pays the rent to whom? How is this rent calculated? And when does it become payable? These questions can be answered by the sales agreement between the buyer and seller – but the details are often overlooked in the excitement of finalising the transaction. This can lead to friction down the line. Craig Mott, Cape Town regional sales manager for the Rawson Property Group, says occupational rent is an amount payable by the occupant of a property before transfer of the property has taken place.

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