As of November 1, 2007, the parties entered into a lease for a commercial property in Paarl to operate the operations of a gas station. The agreement is expected to be for an initial term of five years, with a period of „5 years plus 5 years“. Initially, the rent was R18,000 per month and increased by 8% per year over the initial period. It is a good idea to tell your landlord that you plan to leave, even if it is not mentioned in your agreement. When a lease expires, a tenant may choose to move, renew a lease or continue to pay rent as a monthly tenant. If you offer a rent extension, the agreement is left to the discretion of the tenant. If they choose not to renew a lease, they must evacuate the property under the expiring lease agreement. A common tenancy agreement becomes periodic if one of the tenants stays, unless there is a new agreement. Some of the renewal conditions, for example.
B rent rent rented for the extended period of time may be unknown at the time of the extension. If this is the case, the provision of such a rent must be clearly defined in the renewal clause or a rent determination mechanism must be agreed upon, otherwise the contract could be considered unenforceable. In essence, the SCA had to determine whether the agreement was binding. Both parties had argued persuasively as to why the court should rule in their favour. The lessor disputed that the lease was an „approval agreement“ and was not applicable to indeterminacy. In addition, the owner argued that the compromise clause in the lease was not a deadlock-break mechanism. On the other hand, your landlord may ask you to sign an extension if they wish to change the terms of your lease. This usually involves an increase in rent or an update to comply with the new legislation. If your lease expires soon, whether you are a landlord or a tenant, you should consider a rental agreement as a quick and easy way to renew the contract. Some leases may even have the option of extending or extending the life that can be exercised by the tenant in order to extend the term of the lease. There are often pros and cons for both parties when it comes to extending rents. Keeping tenants courteous for longer not only saves you time and money, but also gives you the peace of mind that accompanies someone who is familiar in your rental unit.
However, if you currently have an unwanted tenant, it may be worth considering the time and money to return your rental unit. We intend to renew your lease with [Original Lease Date] which expires on [the end date of the rent]. You turned out to be a model tenant and would offer to renew your lease for an additional tenancy [Enter Term] at the monthly rental price of [Enter Rent ($]], if a lessor or tenant wishes to continue the lease after the expiry of the lease without a lease), the lease could be converted into a monthly contract. Under a monthly contract, the landlord would not be able to negotiate a higher monthly rent and would have the uncertainty of not knowing when the tenant could terminate and move. And the tenant would not be able to negotiate with certain repairs and would also have the uncertainty of not knowing when the landlord could issue an eviction notice and undress him. „The monthly rent payable during the extension period is a market-related rent, as agreed in writing between the parties, provided that the agreement, rent and subsequent escalation rate are not set by an independent expert.