OCCUPATION AND POSSESSION Sample Clauses

OCCUPATION AND POSSESSION. Occupation and possession of the property shall be given to the Purchaser by the Seller on the transfer date on which date all risk and benefit in and to the property shall pass from the Seller to the Purchaser.

OCCUPATION AND POSSESSION. 6.1. Occupation and possession of the property shall be given to the Purchaser by the Seller on the transfer date on which date all risk and benefit in and to the property shall pass from the Seller to the Purchaser. 6.2. If the date of transfer of the property to the Purchaser does not coincide with the date of occupation, then the Seller is entitled to occupation rental while the property is registered in the Seller’s name. The occupational rent shall be set at R per month plus VAT (if applicable). 6.3. Payment shall be made monthly in advance on the first day of each month; 6.4. If the liability for occupational interest commences or ceases during a month, a proportionate share in respect of the period up to the end of that month shall be payable or refundable, as the case may be, on the date of such commencement or cessation.

OCCUPATION AND POSSESSION. 5.1 Possession of the Property shall be given to the Purchaser on the Transfer Date. 5.2 Occupation of the Property shall be given to the Purchaser on the date specified in clause 6 of the Schedule ("the Occupation Date").

OCCUPATION AND POSSESSION. 3.1 Possession of the PROPERTY shall be given to the PURCHASER on the TRANSFER DATE. 3.2 Occupation of the PROPERTY shall be given to the PURCHASER on (“the OCCUPATION DATE”).

OCCUPATION AND POSSESSION. 11.1 It is recorded that the BUILDINGS are presently in the course of planning, under construction, or completed.

OCCUPATION AND POSSESSION. 7.1 Occupation of the property shall be given to the Purchase on _ on condition that occupational rent is paid in advance and all transfer and bond documentation is signed at the transfer and bond attorney. If the date of occupation does not coincide with the registration date the purchaser shall pay occupational interest, monthly in advance in the amount equal to 1% of the purchase price. Should the Seller still enjoy occupation between the date of occupation up to registration and the unit is occupied by a tenant the Seller will pay over the rental amount as set out in the rental agreement between the tenant and seller. 7.2 The right and obligation to occupy and possess the property will pass to the purchaser on the occupation date, provided that the Purchaser has complied with all its obligations and paid all monies payable in terms of this agreement, and signed all transfer and bond documentation including the practical completion letter. The Purchaser shall be obliged to pay occupational interest from the aforesaid date, regardless whether occupation has physically been taken or not. 7.3 The Purchaser shall be obliged to contact the conveyancer or the agent and confirm whether there is any amendment to the date of occupation. As a courtesy the conveyancer shall advise the purchaser in writing with 30 (THIRTY) days notice (where possible) if the property will not be ready for occupation on the occupation date, but the obligation remains that of the Purchaser to establish date of occupation. In such an instance the Purchaser shall be obliged to take occupation on such further date as given as the amended occupation date. The Purchaser acknowledges that the occupation date as set out in clause 7.1 is not of the essence and that any reasonable extension will not entitle the Purchaser to cancel this agreement.

OCCUPATION AND POSSESSION. 7.1 Occupation of the Property shall be given to the Purchaser on the first Business Day succeeding the Transfer Date, unless otherwise provided in paragraph 7 of the Schedule, or otherwise agreed in writing by the Parties. 7.2 If, however, the Parties mutually have agreed in writing that beneficial occupation of the Property shall be given to the Purchaser prior to the Transfer Date (or as shall be indicated, if relevant, in paragraph 7 of the Schedule), occupational rental shall be payable by the Purchaser to the Seller, monthly in advance (by no later than the 2nd Business Day of each month), in the amount as reflected in paragraph 7 of the Schedule. 7.3 Where the Occupation Date occurs on the first Business Day after the Transfer Date all risk, benefit, profit and loss in and to the Property shall pass to the Purchaser from such date, the Purchaser being liable for payment to the Seller, or the Local Authority, as the Seller may direct, of all rates and taxes and municipal charges (including sewerage and any other levies) payable in respect of the Property to the Local Authority or any other Competent Authority (and as payable to the POA), the Purchaser undertaking to refund on request to the Seller any amount so paid by the Seller in respect of any period after the Occupation Date. 7.4 Where the Occupation Date occurs prior to the Transfer Date all risk, benefit, profit and loss in the Property shall similarly pass to the Purchaser with effect from such date, and pending the arrival of the Transfer Date, the Purchaser shall pay the occupational rental, as aforementioned, and the Seller shall be obliged to pay all rates and taxes, municipal charges and other levies payable to the Local Authority or any other Competent Authority with respect to the Property and the levies due to the POA. 7.5 Notwithstanding the aforegoing, with effect from the Occupation Date, the Purchaser shall be responsible for the costs of all water, electricity, gas (if relevant), refuse removal and other utilities charges relating to the Property. 7.6 With effect from the Occupation Date the Purchaser shall be obliged to procure that it is in possession of valid and enforceable short term insurances, including public liability cover and SASRIA cover. 7.7 From the Occupation Date the Purchaser shall be solely responsible for securing the Property, the Seller accepting no responsibility or liability with respect to any loss or damage which may be sustained by the Purchaser or any o...

OCCUPATION AND POSSESSION. 3.1 The Purchaser shall take occupation and possession of the Property from the Date of Occupation stipulated in clause 1.6 of the Contract of Sale, from which date the risk in the Property shall pass to the Purchaser and from which date the Purchaser shall be liable for the payment of all rates, Body Corporate and Homeowners Association levies, Clubhouse levy and other outgoings attributable to the Property. 3.2 From Date of Occupation until the Date of Transfer (both days inclusive), the Purchaser shall pay to the Seller monthly occupational rental as stipulated in clause 1.7 of the Contract of Sale. Such occupational rental shall be payable monthly in advance on the 1st (first) day of each and every month. In the event of transfer being registered during the course of a month in respect of which the full occupational rental has been paid, the Purchaser shall be entitled to a pro rata refund of such resultant overpayment. The Purchaser shall be obliged to vacate the property upon cancellation of the sale for any reason whatsoever, it being agreed that no tenancy was or shall be created by any such prior occupation. 3.3 The Purchaser undertakes, in the event of this Contract being cancelled or lapsing for any reason whatsoever to restore the Property to the same good order and condition in which it was at the Date of Occupation. In either event, the Purchaser shall not be entitled to any compensation for any improvements of whatever nature he may have effected to the Property while in occupation thereof. Should the Seller remain in occupation after the occupation date, or should the property be registered in the name of the Purchaser prior to the date of occupation, the Seller shall be similarly liable to the Purchaser for occupational interest. 3.4 Notwithstanding anything contained herein, the Purchaser shall not be entitled to occupation of the Section until such time as he has made or secured all payments in terms of the purchase price, costs and all other amounts for which he is liable in terms of this Agreement, and signed all such documentation and supplied all such information as to enable the Conveyancers to effect transfer of the Property without delay.

OCCUPATION AND POSSESSION. The PURCHASER shall be entitled to occupy and possess the property from and including date of registration of transfer or earlier as agreed upon in writing from which date all benefits and risks of ownership in respect of the property shall pass to the PURCHASER.

OCCUPATION AND POSSESSION. ‌ 10.1 OCCUPATION means when the Seller tenders the Unit to the Purchaser for occupation irrespective of the Purchaser or a third party occupying the Property through him moving into the Property.