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A written lease agreement must contain: The names and addresses of both parties; The description of the property; The rental amount and reasonable escalation; The frequency of rental payments, i.e. monthly; The amount of the deposit; The lease period; The notice period for termination of contract;

Rental Agreements A rental agreement differs from a lease agreement in that it is not a long-term contract and usually occurs on a month-to-month basis. This month-to-month lease agreement expires and then renews each month upon agreement of the parties involved.

Cooling off period In terms of the Consumer Protection Act, if you sign a lease agreement, you have the right to cancel that agreement within five days of signing the lease - without penalties - if the agreement was a result of direct marketing.

A written lease agreement must contain: The names and addresses of both parties; The description of the property; The rental amount and reasonable escalation; The frequency of rental payments, i.e. monthly; The amount of the deposit; The lease period; The notice period for termination of contract;

As stated above, if the tenant occupies the property after expiry of the lease, the tenancy agreement continues as it was, except that the duration of the lease becomes one month. In other words it is now a month-to-month lease. In this case, the notice period for cancellation by either party is one month.

Rental Agreements A rental agreement differs from a lease agreement in that it is not a long-term contract and usually occurs on a month-to-month basis. This month-to-month lease agreement expires and then renews each month upon agreement of the parties involved.

A lease agreement is entered into when one person (“landlord”) gives use and enjoyment of his/her property to another person (“tenant”) for a specific period of time in return for the payment of rent. It is not a requirement for the lease agreement to be in writing.

Cooling off period In terms of the Consumer Protection Act, if you sign a lease agreement, you have the right to cancel that agreement within five days of signing the lease - without penalties - if the agreement was a result of direct marketing.

A lease agreement is entered into when one person (“landlord”) gives use and enjoyment of his/her property to another person (“tenant”) for a specific period of time in return for the payment of rent. It is not a requirement for the lease agreement to be in writing.

As stated above, if the tenant occupies the property after expiry of the lease, the tenancy agreement continues as it was, except that the duration of the lease becomes one month. In other words it is now a month-to-month lease. In this case, the notice period for cancellation by either party is one month.

You can still end the lease early in terms of the Consumer Protection Act [68 0f 2008]. Section 14 allows for the tenant to prematurely cancel a fixed lease [by given 20 business days notice] however it should be noted that the landlord may impose a reasonable cancellation penalty .

A lease agreement is entered into when one person (“landlord”) gives use and enjoyment of his/her property to another person (“tenant”) for a specific period of time in return for the payment of rent. It is not a requirement for the lease agreement to be in writing.

Often the provision reads that an amount equalling two or more months' rent will be payable as a penalty, usually because it is considered that two months is the time it will take the landlord to find a replacement tenant.

A lease agreement is entered into when one person (“landlord”) gives use and enjoyment of his/her property to another person (“tenant”) for a specific period of time in return for the payment of rent. It is not a requirement for the lease agreement to be in writing.

Section 14(2) of the Consumer Protection Act 68 of 2008 provides that the tenant must give 20 business days' written notice to the landlord of their intention to terminate the lease agreement.

The Consumer Protection Act 68 of 2008 (“the Act”) allows a lessee to give twenty business days' notice to exit any fixed-term contract, however, the lessor is entitled to charge a reasonable cancellation fee if the lease is cancelled prior to the end of the agreed upon term.

You can still end the lease early in terms of the Consumer Protection Act [68 0f 2008]. Section 14 allows for the tenant to prematurely cancel a fixed lease [by given 20 business days notice] however it should be noted that the landlord may impose a reasonable cancellation penalty .

A written lease agreement must contain: The names and addresses of both parties; The description of the property; The rental amount and reasonable escalation; The frequency of rental payments, i.e. monthly; The amount of the deposit; The lease period; The notice period for termination of contract;

Often the provision reads that an amount equalling two or more months' rent will be payable as a penalty, usually because it is considered that two months is the time it will take the landlord to find a replacement tenant.

It is trite law that upon entering into a lease agreement, the tenant will need to pay a deposit to the landlord.

Section 14(2) of the Consumer Protection Act 68 of 2008 provides that the tenant must give 20 business days' written notice to the landlord of their intention to terminate the lease agreement.

The Consumer Protection Act 68 of 2008 (“the Act”) allows a lessee to give twenty business days' notice to exit any fixed-term contract, however, the lessor is entitled to charge a reasonable cancellation fee if the lease is cancelled prior to the end of the agreed upon term.

A written lease agreement must contain: The names and addresses of both parties; The description of the property; The rental amount and reasonable escalation; The frequency of rental payments, i.e. monthly; The amount of the deposit; The lease period; The notice period for termination of contract;

It is trite law that upon entering into a lease agreement, the tenant will need to pay a deposit to the landlord.