GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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16:57 May 11, 2005 |
Dutch to English translations [PRO] Real Estate / sales contract of real estate | |||||||
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| Selected response from: Deborah do Carmo Portugal Local time: 00:20 | ||||||
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Discussion entries: 3 | |
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upon taking possession of the property (occupancy) Explanation: Parties generally have the freedom to contract how they want provided this is not precluded by law. -------------------------------------------------- Note added at 12 mins (2005-05-11 17:10:34 GMT) -------------------------------------------------- Also, the fact that one has the right to take possession/occupancy in law doesn\'t equate always to physical occupancy -------------------------------------------------- Note added at 22 mins (2005-05-11 17:19:58 GMT) -------------------------------------------------- All this is saying is that liability for the taxes will arise upon taking possession/occupancy rather than on the date that transfer of property into the name of the purchaser (by way of execution of the deed)takes place if occupancy does not coincide with date of transfer of ownership. |
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