What is a contract of a lease?
What are lessor and lessee?
Simply put, a lessor is a landlord while the lessee is the tenant.
Lease agreement. Photo: @livemintSource: Twitter
So, what must a binding lease agreement South Africa 2021 contain?
When it comes toleasecontracts, we have short ones and longer ones.
We also have different types of lease agreements depending on the property being rented out by the landlord.
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How do you write a contract agreement?
What should I include in a lease agreement?
Drafting a proper contract necessitates that it must contain a number of items that we shall examine below.
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This includes their full names, identification numbers, and a section for their signatures.
The lease agreement must also provide a detailed description of the property in question.
This could be as simple as stating the address and the apartment number in case of a residential contract.
Image: instgarm.com, @dlbmanagementSource: Instagram
This clause prohibits renters from bringing in their relatives, friends, or subletting without informing the owner.
All the terms and conditions stated in the agreement must match the legal Housing Act.
All tenants must ensure to keep the property neat, clean, and free of unnecessary damage.
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The contract needs to clarify if a tenant is permitted to alter the property.
As such, it is wise to have a clause that guides the occupants behaviour.
The termination clause states all that is required for the lessee to get out of the contract.
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This includes months of notice, reduction of security deposits, and cleaning obligations.
So, how can I break my lease without penalty?
To do this, look for early termination of lease agreement clause in your contract.
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You canfind onlinean example of termination of lease agreement South Africa template.
Simple residential lease agreement template South Africa
What is a free lease agreement?
What is the best cellphone insurance in South Africa?
Image: twitter.com, @jasonwarnerzaSource: Twitter
Lease agreement South Africa template
There are various lease agreement South AfricaPDF templatesthat you might download online.
DISCLAIMER: This article is intended for general informational purposes only and does not address individual circumstances.
Any action you take upon the information presented in this article is strictly at your own risk and responsibility!
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She has a BSc.
She loves traveling and checking out new restaurants.
Her email address is jedidahtabalia@gmail.com
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