Common use of OCCUPATIONAL RENTAL Clause in Contracts

OCCUPATIONAL RENTAL. 7.1 Occupational rental is an amount which the Purchaser will pay to the Seller for the right to have occupation of the apartment before the Purchaser becomes the registered owner of it and before the Seller receives the purchase price. 7.2 In accordance with the explanation set out above, should registration of transfer of the unit take place after the completion date, the Purchaser shall pay the occupational rental to the Seller calculated as prescribed in Schedule “A”. This occupational rental shall be paid monthly in advance from the completion date until registration of transfer. If the completion date falls on any day other that the first day of the calendar month, then the Purchaser will pay a pro rata amount for the calendar month in which the completion date fell.

OCCUPATIONAL RENTAL. 7.1 8.1 Occupational rental is an amount which the Purchaser will pay to the Seller for the right to have possession and occupation of the apartment before the Purchaser becomes the registered owner of it and before the Seller receives the purchase purchaser price. 7.2 8.2 In accordance with the explanation set out above, should registration of transfer of the unit take place after the completion date, the Purchaser shall pay the occupational rental to the Seller calculated as prescribed in Schedule “A”. This occupational rental shall be paid monthly in advance from the completion date until registration of transfer. If the completion date falls on any day other that the first day of the calendar month, then the Purchaser will shall pay a pro rata proportionate amount for the calendar days in the month in which following the completion date felldate.

OCCUPATIONAL RENTAL. 7.1 Occupational rental is an amount which the Purchaser will pay to the Seller for the right to have occupation of the apartment premises before the Purchaser becomes the registered owner of it and before the Seller receives the purchase price. 7.2 In accordance with the explanation set out above, should registration of transfer of the unit take place after the completion date, the Purchaser shall pay the occupational rental to the Seller calculated as prescribed in Schedule “A”. This occupational rental shall be paid monthly in advance from the completion date until registration of transfer. If the completion date falls on any day other that the first day of the calendar month, then the Purchaser will pay a pro rata amount for the calendar month in which the completion date fell.