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Buying Property & Due Diligence
Article 22 of 74

Occupation date and occupational rent: know the difference.

Occupation and ownership do not always change on the same day. If one party occupies before or after transfer, the sale agreement normally regulates occupational rent and risk-related responsibilities.

PROPERTY INSIGHT 22 Occupation date and occupational rent: know the difference.

What to know

  • Check the exact occupation date and occupational-rent amount.
  • Clarify responsibility for utilities, security, garden and pool care during early occupation.
  • Record the property condition and meter readings at handover.
  • Understand that occupation does not itself make the buyer the registered owner.
Important Information

The information in Fabulous Homes Insights is provided for general property education and information. Property, tax, finance, sectional-title, rental, municipal and compliance matters can differ according to individual circumstances, contractual terms, scheme rules, municipal requirements and changes in law. Where necessary, readers should obtain advice from an appropriate attorney, conveyancer, tax practitioner, financial professional, property practitioner, engineer, inspector or other suitably qualified professional.

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