A written agreement stipulating that a person (“debtor”) owes a sum of money (“debt”) to another person or entity (“creditors”). It also defines how debts will be repaid. The goal of a good lease in South Africa is to avoid any disputes that may arise in the future. It is therefore essential to have a termination clause that explains in simple terms how the contract can be terminated. When the parties reach an agreement, confidentiality may be necessary. This agreement guarantees this confidentiality and is usually signed before the main agreement is concluded. The lease agreement must be aware of the consequences of illegal activities in the property. Illegal behaviour in a building can have serious negative consequences for the owner. It is therefore important to have a clause that guides the tenant on acceptable behaviour and punishment for illegal behaviour. In most residential buildings and properties, owners are beginning to ban pets. The lessor must take a lease in accordance with the rules of the municipality or the estate. If pets are allowed, the owner must indicate the number, size and type of animals accepted.
Just fill out the form below and we will send you your free rental contract by email. Second, there are strict laws that govern the rights and obligations of landlords and tenants – some of the clauses you include in your tenancy agreement cannot apply in court if they violate those rules. For example, you must return the deposit within a specified amount of days after the end of the lease, you must keep the deposit in an interest trust account, etc. Make sure you have read the Rental Housing Act and the Rental Housing Amendment Act, both available here, before finalizing your project. Property rented to a tenant with a rental agreement includes a house, an apartment, a condo, a mobile home, a basement suite, a duplex, a townhouse, a bedroom, self-rental options and other living rooms. The maximum term of a rental property contract is set at 24 months. Whether you are a landowner or a tenant, you need to understand what a rental contract model looks like in South Africa and what it contains.