Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Occupational Rent
18-11-2019, 10:00 AM,
#1
Occupational Rent
Hi Guys

Not sure how this works so just a question.
My date to move into the new house is on the 1st of Feb 2020.
Seeing as its coming up to the December period and transfer will probably not be done by the moving date, i will need to pay the occupational rent.

So will i be paying the bond installment as well as occupational rent or do i only pay the bond once the transfer has been completed?

[Image: phpMIYu4ZAM_zpscb04d32e.jpg]

Like Post Quote this message in a reply
18-11-2019, 10:05 AM,
#2
RE: Occupational Rent
you only start paying the bond once the property is registered in your name......if it registers on Dec1 they your instalment will be due at the end of Dec
Like Post Quote this message in a reply
The following 1 user Likes nawti1's post:
Sheldon13
18-11-2019, 10:09 AM,
#3
RE: Occupational Rent
Thanks for the response.

So in the scenario where the transfer goes through earlier and i have not moved in yet then the seller will pay me occupational rent.

Is that correct

[Image: phpMIYu4ZAM_zpscb04d32e.jpg]

Like Post Quote this message in a reply
18-11-2019, 10:14 AM,
#4
RE: Occupational Rent
If the seller has not moved out by the time transfer is done, then yes he will have to pay you the buyer occupational rent.

[Image: untitled_8179800775.jpg]
Like Post Quote this message in a reply
The following 1 user Likes NtandoN's post:
Sheldon13
18-11-2019, 10:18 AM,
#5
RE: Occupational Rent
(18-11-2019, 10:09 AM)Sheldon13 Wrote: Thanks for the response.

So in the scenario where the transfer goes through earlier and i have not moved in yet then the seller will pay me occupational rent.

Is that correct

Yes, the transfer attorneys will work out all the costs and you will be paid out from the sellers price.

Make sure you get electricity and water meter readings on the day you move in, the seller will be responsible for the costs before that day
Like Post Quote this message in a reply
The following 1 user Likes Carbon M3's post:
Sheldon13
18-11-2019, 10:30 AM,
#6
RE: Occupational Rent
Thanks for the info gents.

Much appreciated

[Image: phpMIYu4ZAM_zpscb04d32e.jpg]

Like Post Quote this message in a reply
18-11-2019, 01:22 PM,
#7
RE: Occupational Rent
I assume Occupational rent has already been determined prior to the documents being signed?

No, no, he didn’t slam you, he didn’t bump you, he didn’t nudge you… he *rubbed* you. And rubbin, son, is racin’. – Harry Hogge, Days of Thunder

Current Rides
2007 530d MSport (DP, 76mm exhaust, RK Motion tune, OEM M6 wheels)
2012 X1 2.0D MSport
1996 200 Si Camry
[Image: photo%20from%20sashchern_5592516823.jpg]
Like Post Quote this message in a reply
The following 1 user Likes sash's post:
r0ckf1re
18-11-2019, 03:07 PM,
#8
RE: Occupational Rent
Yes it has.
Was on the offer to purchase

[Image: phpMIYu4ZAM_zpscb04d32e.jpg]

Like Post Quote this message in a reply
The following 1 user Likes Sheldon13's post:
r0ckf1re




Users browsing this thread:
1 Guest(s)

Return to Top