Common use of OCCUPATION AND POSSESSION Clause in Contracts

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. 6.15.1. 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. 6.25.2. 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). 6.35.3. Payment shall be made monthly in advance on the first day of each month; 6.45.4. 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.