Occupational Rental definition

Occupational Rental means an amount equal to 1% (one) of the total Purchase Price, payable to the Seller monthly in advance from date of occupation to date of registration, plus payment of current levy amount.

Occupational Rental. An amount calculated by taking the full purchase price and

Occupational Rental means the occupational rental amount set out in item 1.7;

Examples of Occupational Rental in a sentence

• This agreement must be accompanied by a signed Occupational Rental Agreement, with commencement date being the first day after the current lease as per Clause 3.3 has lapsed.

• The Seller shall however not be obliged to pay Occupational Rental to the Purchaser in the event of the Purchaser not having complied with all of its contractual obligations as set out in this Contract.

• Notwithstanding the provisions of this clause (6.4) the Purchaser shall however not be liable for the payment of Occupational Rental until the date of issuing of the occupation certificate by the local authority.

• In addition, the Purchaser shall be liable for VAT at the prescribed rate in respect of Occupational Rental and also for payment of the levy as provided for in clause 1.11 of the Contract of Sale.

• The Purchaser's obligation to pay the Occupational Rental as stipulated in this clause shall commence from the date of occupation as determined in clause 6.3 hereof irrespective of whether or not the Purchaser is entitled to take occupation in accordance with clause 6.1 hereof.

More Definitions of Occupational Rental

Occupational Rental means occupational rental payable in respect of the Property which is indicated in Annexure ''A'' attached hereto, per month;

Occupational Rental means the amount reflected in item G of the Schedule which shall be paid by the Purchaser to the Seller from the Occupation Date to the Registration Date;

Occupational Rental means the amount described in clause C(g) of the main agreement;

Occupational Rental. ( if agreed upon) means the consideration payable by the Purchaser for the right to occupy the Section in the amount set out in item 3.5.7 of the Transaction Schedule, to be assessed proportionally in the case of a broken Month;

Occupational Rental means the amount reflected in item Error! Reference source not found. of the Schedule which shall be paid by the Purchaser to the Seller from the Occupation Date to the Registration Date;

Occupational Rental means the amount set out Clause 3.7 of the Covering Schedule;

Occupational Rental means occupational rental payable in respect of the Property which is equal to 0.8% (zero point eight percent) of the Purchase Price per month;