Once the lease is completed, the security deposit can be used to cover unpaid amounts and/or damage to the property. If no damage is found during the subsequent audit of the property, the landlord must repay the deposit to the tenant within seven days of the expiry of the tenancy agreement. However, in case of repair of the damage, the lessor has 14 days to reimburse the tenant the deposit after the end of the repairs. Property for rent can be either residential or commercial. A rental agreement is covered by the Rental Housing Act. The Consumer Protection Act, the Constitution of South Africa Act and the Deeds Registry Act affect leases. The importance of a tenancy agreement is a contractual agreement between a landlord (owner) and a tenant (tenant). The conditions under which the landlord authorizes the tenant to temporarily use his dwelling are set out in the tenancy agreement. Owners should be very careful when developing their own rental agreement. Agreement to transfer the lessor`s rights in connection with the lease.
If you answer “yes” to any of the questions below, this free lease is not for you, but we can help. 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. 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. We made our lease easily understandable, complete and signed your contract. It is important to complete a good document, which is current and waterproof. As far as the rental housing law is concerned, a rental agreement may be oral or written. However, in order to preserve the interests of both the landlord and the tenant, a written tenancy agreement is preferable in the event of a dispute.
By law, a landlord must make a written tenancy agreement available to a tenant if the tenant makes a request.