occupational rent

I15. Occupational Rent

Paying occupational rent and the consequences of failing to do so should be as simple as paying your bond every month, but all too often other issues arise to complicate matters, usually because buyers and sellers have all sorts of preconceived notions about the laws governing occupational rent which invariably works in their favour alone. It is important to know what the myths are in this field and what...

M1. Transfer Costs

1. Deposit The deposit is an upfront payment, usually between 10% and 20% of the purchase price but varies from purchaser to purchaser.  The transferring attorney is obliged to open up a separate trust account for each transaction at the highest possible interest rate. 2. Transfer Fees – payable by the Purchaser Is a general term that is made up of the transferring attorney costs and transfer...

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