Oct 19, 2016 11:24
7 yrs ago
6 viewers *
Norwegian term

Overtagelse etter avtale

Norwegian to English Bus/Financial Real Estate
This is tacked onto the end of most property particulars, in this case a shop that is to let. What would we say in English?

Discussion

Hans Wang Oct 19, 2016:
Closing In the US we would say "closing by agreement" since the closing transfers possession of the property as of a set point in time. You should also keep in mind that this language merely indicates that the particulars of the transfer of possession will be worked out at a later time. The words "details regarding" could be implied prior to the phrase itself so that the true meaning in English would be "details regarding transfer of possession will be resolved by agreement"

Proposed translations

5 mins
Selected

Handover by agreement

Awkward term for a rent or lease, as overtagelse means transfer of title. Probably means at disposalfrom date to be agreed.

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Note added at 54 mins (2016-10-19 12:19:12 GMT)
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If it were an actual handover, that's what it would imply. In this case, it just looks like 'start of lease date to be agreed', as in not asap or immediately - but it COULD also mean that lease is not immediately vacant.
Note from asker:
Thanks, that's what I got out of it too (availability to be discussed), but I'm wondering why they feel the need to say it at all. Does it imply that the property is/is not currently vacant?
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4 KudoZ points awarded for this answer. Comment: "Thanks Per"
6 hrs

(UK: letting or conveyance on sale) Completion as and when agreed

A lease in the UK is completed by payment of the agreed amount and, in the case of a conveyance on sale, by discharge of any outstdanding mortgages.

The handover may signify the date of vesting of land or start ('commencement') of the lease.
Example sentence:

Sometimes completion of a lease is conditional upon, for example, the landlord or tenant completing works to the building.

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