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Rental Agreement Clauses
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Rental Agreement Clauses PDF Print E-mail
1. Notice Periods
• Notice must be in writing.
• Notice must be a full calendar month.
• No notice may be given before termination of the period stated in the Lease
Agreement.
• The same notice period rules apply to the landlord.
• If the lease is broken, a R500.00 penalty fee will be charged to the tenant.
• It is only by mutual agreement that the lease can be cancelled prior to the
termination date.
2. Rental Payments and Rental Increases
• The first month rental must be paid in full before occupation takes place.
• The rental is due on the first day of every month, payable a month in advance.
• Interest of 2% per month and an administration charge of R75.00 will be
charged on overdue rental.
• During the initial lease period there will be no rental increase unless there is
an increase in Municipal rates or levies (if applicable) or increase in interest rates.
• At the discretion of the landlord, rentals may be escalated on a yearly basis or
at the end of the initial lease period.
• A full calendar month notice must be given before a rental increase can be
implemented.
• There is a R75.00 charge for RD cheques.
3. Inspections
• Prior to occupation, a joint inspection between the tenant and the inspector
must be performed. This is to determine any defects or damage to the property.
A written record of this inspection is taken, and is signed by the inspector and
the tenant. A copy of the inspection is attached to the Lease Agreement.
• If a joint inspection is not done, then the recorded inspection will be seen as
free of any defects or damages.
4. Rental Deposits
• The deposit is usually equivalent to one month rental and is payable before
occupation.
• The deposit is held in our trust account.
• Once you have vacated the property and a final inspection has been conducted,
you will be repaid your deposit - after deductions have been made for any
repairs that may be required.
• Before the deposit is refunded, we require proof from the Municipality that
all electricity, water, and refuse removal charges have been paid.
• The deposit may not be used as the last month's rental.
• The deposit will be refunded within 7 days of expiration of the lease should
there be no defects or amounts owing.
• Should there be defects or amounts owning, your deposit will be refunded
within 14 days of restoration of the property.
 
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