Common use of RISK AND POSSESSION Clause in Contracts

RISK AND POSSESSION. The unit shall be delivered to the PURCHASER on the occupation date. The risk of profit and loss relating to the unit will vest in the PURCHASER as from the date of occupation. However, the SELLER will be liable for all levies payable to the body corporate and any other rates and taxes legally due until date of registration of transfer. Notwithstanding the aforesaid, ownership of the unit shall only pass to the PURCHASER on date of registration of transfer.

RISK AND POSSESSION. The unit shall be delivered to the PURCHASER on the occupation date. The risk of profit and loss relating to the unit will vest in the PURCHASER as from the date of occupationregistration. However, the SELLER will be liable for all levies payable to the body corporate and any other rates and taxes legally due until date of registration of transfer. Notwithstanding the aforesaid, ownership of the unit shall only pass to the PURCHASER on date of registration of transfer.

RISK AND POSSESSION. The unit Unit shall be delivered to the PURCHASER Purchaser on the occupation dateOccupation Date. The risk of profit and loss relating to the unit Unit will vest in the PURCHASER Purchaser as from the date of occupationTransfer. However, the SELLER Seller will be liable for all levies payable to the body corporate and any other rates and taxes legally due until date of registration of transferTransfer. Notwithstanding the aforesaid, ownership of the unit Unit shall only pass to the PURCHASER Purchaser on date of registration of transferTransfer.