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I recently watched a masterclass from Cesar Vacchiano, global CEO and co-founder of Scopen, on the Agency Scope global trends that have emerged in the past 12 months and which are expected to guide the industry into the future. ....
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. ....