Common use of OCCUPATIONAL RENTAL Clause in Contracts

OCCUPATIONAL RENTAL. From Date of Possession until the Date of Transfer (both days inclusive), the Purchaser shall pay to the Seller monthly occupational rental as stipulated in clause 1.8 of the Contract of Sale. Such occupational rental shall be payable monthly in advance on the 1st (first) day of each and every month. All payments in terms of this clause are to be made payable to the Conveyancers upon demand.

OCCUPATIONAL RENTAL. From Date of Possession until the Date of Transfer (both days inclusive), the Purchaser shall pay to the Seller monthly occupational rental as stipulated in clause 1.8 1.9 of the Contract of Sale. Such occupational rental shall be payable monthly in advance on the 1st (first) day of each and every month and shall be calculated using the aforesaid prime overdraft rate on the first day of that particular month. All payments in terms of this clause are to be made payable to the Conveyancers upon demand.

OCCUPATIONAL RENTAL. From Date of Possession Occupation until the Date of Transfer (both days inclusive), the Purchaser shall pay to the Seller monthly occupational rental as stipulated in clause 1.8 Item H of the Contract of SaleSchedule. Such occupational rental shall be payable monthly in advance on the 1st (first) day of each and every month and shall be calculated using the aforesaid prime overdraft rate on the first day of that particular month. All payments in terms of this clause are to be made payable to the Conveyancers upon demand.