Business Property Lease Agreement South Africa
5 2 within 3 days before the lease expires the landlord and tenant must jointly inspect the.
Business property lease agreement south africa. This free lease agreement is helpful where the lease is private and not done through an agent in south africa. Download our free lease agreement this is a written rental contract that sets out terms and conditions between the landlord and tenant of a residential property. Commercial lease agreements in south africa where the tenant is a natural or juristic person with an asset value or annual turnover of less than r2 million per annum is included under the consumer protection act cpa along with residential lease agreements.
When a business annual turnover or asset value is more than r2 million the commercial lease agreement is not covered under the cpa. Click here to download in pdf format 71 kb. The lease agreement and its specific terms and conditions are the foundation document for the agreement between yourself and the landlord.
There is also a commercial lease agreement south africa which includes the right to put up a billboard open a fast food joint construct a telecommunications tower or develop a large multi story hotel building. Residential property termination of lease agreements are normally easier to deal with than those that relate to commercial properties. The user of this lease agreement must adapt it to suit the user s own circumstances.
An agreement that regulates the terms and conditions between a lessee and lessor for the lessee to rent residential property such as a house flat or so on for a period less than 10 years. In terms of the common law of contract both the landlord and the tenant. 6 1 1 pay the rent timeously and without remission set off or deduction for any reason except where allowed for in terms of clause 11 1 damage to the premises.
Property in south africa tripartite agreements. Lease agreement contract. 11 ways to avoid nightmare tenants or squatters click here to download in pdf format 115 kb.
The most common type is the residential lease agreement in south africa which is a contract between a tenant and a landlord. Our business lease agreements integrate the draftsman s 20 years of experience of leasing commercial property with a comprehensive legal framework that provides excellent protection for the landlord and a wide range of options to suit almost all requirements. This is a once off lease agreement therefore the consumer protection act does not apply.
This is a suggested form of a lease agreement for commercial property where the transaction falls within the scope of the consumer protection act no. 6 1 the tenant must.
