Occupational Rent

[Dolby]

What is the value or percentage of the rent?

 

[rrh]

Whilst the estate agents have general guidelines occupational rent normally forms part of the sale agreement.

BTW, it is not mandatory.

 

[etwylite]

Equivalent to market related rental for property.

Guideline used to be 1 % of purchase price, these days more like 0.5%...completely dependant on property though.

Personally if possible I avoid occupation prior to registration at all costs. If the seller dies during process you could end up renting from the estate until the estate is finalised years later.

But of course it depends on individual circumstances.