Believe it or not, a rental escalation of 10% per year is not legislated and, in the current financial market, is not economically feasible on a national scale. According the latest Tenant Profile Network (TPN) statistics for Q4 2017, rental escalations nationally were a lowly 1.56%,
Did you get a lease agreement from a local stationary shop or download one from Google? If you did, chances are that it is either totally non-compliant or is outdated. This is according to Michael Bauer, MD of estate agency SAProperty.com, who says in the past
Tenants whose monthly rentals are between R7,000 to R12,000 remain the best payers, with those in the bottom and top price categories the worst. This is according to TPN Rental Monitor for Q3 2016 which reports that 88.37% of tenants in the R7,000 to R12,000 rental