What information should be in a lease?

Author
MyProperty
South Africa's #1 independent property portal

A lease should have all the following information

  • Landlords name
  • The tenant's name
  • Landlords postal address
  • Tenant's postal address
  • The address of the property being leased
  • The amount for which the landlord will rent it out
  • The amount by which the rent will increase (for example, by 10 percent when renewing the lease)
  • When the rent will increase (for example, if there is a rates increase)
  • How often rent is to be paid, (for example, monthly)
  • The amount of the deposit, if any
  • The landlord's and tenant's obligations (for example, who is responsible for maintenance? Who will pay the water, electricity and rates bills? Usually, the tenant pays for charges related to consumption, such as water and electricity, and the landlord pays for charges related to the property, such as rates.)
  • The conditions under which either you or your tenant can give notice to cancel the contract
  • The House rules, signed by both parties, should be attached to the lease.
  • A list of defects drawn up during a joint inspection when the tenant moves in. This should be signed by both the landlord and tenant and attached to the lease.
Rental Property News
Market & Opinion
Semigration to the Cape Peninsula is fuelling house price inflation and depleting stock
12 Aug 2022
Prior to the disruption of the pandemic, semigration toward the coast was on the rise and since the end of lockdown, there’s not only been a resurgence in the migration tide, but also a steady upward trajectory of property inflation in these areas during the past 12 months.
read more
Market & Opinion
Spotlight on booming St Francis Bay
08 Aug 2022
Property sales in St Francis Bay have rocketed in the past two years, and with supply exceeding demand by quite a margin, the average home sale price is now almost 60% ahead of the average for the previous 24 months.
read more
Market & Opinion
How to go from property owner to first-time landlord
02 Aug 2022
Want to rent out your property or invest in a rental? The Seeff Property Group says going from property owner to landlord requires legal and operational know-how.
read more
Market & Opinion
Questions every landlord should ask when choosing a tenant
28 Jul 2022
When selecting a tenant, landlords are pressed to find the best possible tenant to occupy their rental property. The questions asked during the screening process are crucial for the success of the rental property in the long run.
read more
Real Estate Tools
icons_2
Property Law
Contact our partner attorneys with your conveyancing and property law questions
Get pre-qualified
Make offers with confidence knowing what you can afford. Then shop for the best home loan
Bond Calculator
Calculate the estimated repayments on a home loan and savings with extra payments