What you need to know about occupational rent
By IOL Reporter | Published Apr 25, 2021
Buyers and sellers may gloss over this concept in the euphoria of seeing a property change hands, but it is a detail that should not be ignoredOccupational rent: a concept that most buyers and sellers have some idea about – but they are not always certain of the nitty-gritty. Who pays the rent to whom? How is this rent calculated? And when does it become payable?These questions can be answered by the sales agreement between the buyer and seller – but the details are often overlooked in the exci. . .
