Tag Archiveslease agreement
Lease Agreement

Lease Agreement- must Lessees vacate a property once it is sold?

Introduction Depending on one’s financial situation and preferred style of living, leasing a property can have its advantages. There are tremendous financial benefits to leasing as opposed to buying a property of your own, but often times Lessees neglect to enquire about their legal position and rights should it happen that property is sold while […]

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Stokvels

Airbnb: subleasing of property and the implications thereof

Introduction The online hosting platform Airbnb has fast become a lucrative source of additional income for many families both in Cape Town and in South Africa in general. However, an increase in regulation in many cities around the world, and no clear position on the matter in South African law has made several Homeowners and […]

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Terminating Commercial Lease Agreement and the CPA

Terminating a commercial lease agreement prematurely does not have to be as complicated as one would expect. Due to various unexpected circumstances or events, it sometimes happens that a company or individual is unable to continue performance under the requirements of the agreement. A commercial lease will naturally have stricter termination regulations in terms of the […]

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Lease Agreement

Rental Housing Amendment Act – How will this impact your lease agreement?

Introduction The Rental Housing Amendment Act (hereafter “the Act”), Act 35 of 2014, has been assented to parliament and signed by the President. The date when the Act will come into operation is yet to be announced. In the meantime, it is important that members of the public and practitioners take note of the amendments. […]

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Fixed term agreements and the Consumer Protection Act

People have entered into fixed term agreements for many years. These agreements may be a cell phone contract, sports or health club membership or lease agreement. They generally do not have an option to terminate before the contract’s automatic expiry. Now, however, with the enactment of the CPA, people are no longer bound to such […]

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