A written agreement stating that a person (“debtor”) owes a sum of money (“debt”) to another person or organization (“creditor”). It also defines how to repay the debt. The purpose of a good lease in South Africa is to avoid disputes that may arise in the future. It is therefore important to have a termination clause that explains in simple terms how the contract can be terminated. We simply understood, completed and signed our lease. It is important to close a good document, which is up-to-date and waterproof. No more than 80 working days and not less than 40 working days before the expiry date, the lessor must inform the tenant of the expiry of the rental agreement and inform the tenant of substantial changes to the rental agreement if it is renewed or lost at the expiry10. The lease continues from one month to the next, unless the lessee expressly notifies the lessor that he wishes to terminate the lease on the expiry date or agrees to extend the lease for another fixed term. While the section is clear about the communication a landlord must provide, it does not set a deadline for the tenant to respond to the extension offer. The rental agreement should include a clause obliging the tenant to respond to the offer made within a specified period.

_________ What are the steps to get a car rental contract? Apart from the location of the property and the duration of the rental, a few other important details not to be missed when establishing the rental agreement are the following: The documentation below can be attached to the rental agreement: As a digital rental specialist, HouseME uses technology to make renting easier and more affordable for independent rental companies like you. With the unbeatable fee of 3.5% of the rental value, HouseME verifies your tenant, issues the lease, maintains the deposit, cashes the rental, gives you free calls on our network of maintenance providers, help in case of renewal and much more. You can add a rental guarantee that guarantees you will be paid on time, even if your tenant pays too late, and evacuation coverage if your tenant can no longer meet their obligations. In other words, we take care of all the troubles and risks for you. A rental agreement is a document defining the conditions under which a person or group agrees to rent real estate from another person or group. The document guarantees the tenant (or tenant) to use the property as soon as the lessor (owner or lessor) is assured of his monthly payments for a defined period. Both parties are sanctioned if they do not comply with the terms of the agreement. . . .