Hi, I entered into a verbal rental agreement with my landlord. What are my rights as he wants to increase my rental by more than 10%. I cannot afford to move out right now. - Jo
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A tenant paying rent will soon start doing the calculations: Over 20 years of paying a rental of R10,000 per month, which escalates every year by 10%, will cost a tenant around R5,491,435.
And this is not the exception, either. A young adult who starts working
In the recent case of Tudor Hotel Brasserie and Bar (Pty) Ltd v Hencetrade 15 (Pty) Ltd the court addressed the issue regarding set-off where the tenant argued that vacant occupation of the entire leased premises was not received.
In this case Hencetrade (hereinafter referred to as the
Hi, I am a landlord, and I had a defaulting tenant that has since vacated my property. However, they still owe outstanding rental.
What would be the best process to recover this missing rental amount which totals to about R14,500?
The TPN Credit Bureau suggests the Small Claims
Hi, I bought a house and had to move in three days after the date agreed to in the sale documents. Now I'm being charged occupational rent for the three days. Is this fair? - Jan
Hi Jan, occupation refers to the date that the purchaser
In the span of a decade the Cape Town suburb of Mouille Point has changed its image and, consequently, its buyer appeal, to rank on par with its Atlantic Seaboard neighbours.
Apartment prices sit within the R6m to R10m bracket, with top-end properties breaching R100m.
Hi, is a residential landlord ever legally allowed to charge VAT on rent? - Simon
Hi Simon, no. A landlord may not charge VAT in respect of residential premises, even if the landlord is a registered VAT vendor.
In terms of section 12(c) of the Value Added
Rental yields in the City Bowl and Atlantic Seaboard are expected to hold firm in the 6% to 7% range due to a poor economic climate which tends to cap rental rates and, consequently, yields.
This is according to Dinis Martins, Seeff’s COO for the areas,
Some 11% fewer homes were transferred in Q3 2016, compared to Q3 2015, which translates into a market where buyers just cannot afford to purchase the homes listed on the market. Tenants have also been forced to rent for longer due to a lack of
It is not always physically possible to inspect a property before tenants move in and sometimes they have just moved in when the inspection is done. Does this make a big difference?
I am of the view that it is essential for the parties to conduct