Commercial Lease Agreement South Africa Word Document

It is recommended that tenants get legal advice before signing a commercial lease, most often written in favor of the owner. Even if the tenant is not able to negotiate the “standard terms” of the lessor, he should be informed of the unilateral provisions of the lease agreement. ☐ Subletting is not permitted. The Tenant will not assign this agreement in all or all of demised`s premises, nor will it proceed or approve a total or partial sublease or any other transfer of part or any premises. I) Rights holders. The agreements, understandings, conditions and warranties of this Agreement are binding on the owners and tenants and their heirs, executors, trustees, successors and recipients of the assignment and do not create rights over another person, except as expressly provided. ☐ This agreement and demised`s premises do NOT include the tenant`s use of common areas of the property. The term “common space” refers to all areas and improvements to the property that are not rented or kept for rent to tenants. ☐ not included in the base rent.

From the start date, the tenant agrees to pay the tenant`s share in proportion to the lessor`s operating costs. The tenant`s initial monthly estimate for operating costs is __ For the purposes of this Agreement, the lessee`s share in proportion to the operating costs ___________ The tenant`s proportionate share is determined by doubling the number or rentable square feet in the half-premises by the total number of rentable square feet in the property rented or available for rent during the year. “operating costs” means the costs and expenses related to the operation, administration, insurance, equipment, lighting, repair, repair, maintenance and supervision of the property, including the exterior of the property and public spaces, including, without limitation, insurance and franchise costs, management, accounting and accounting costs and an annual increase in Amount of __ reserve for repairs, repairs and major renovations. With each monthly base rent payment, the tenant pays an estimate of the tenant`s share of the operating costs. These monthly estimates are based on the previous year`s actual operating costs. The lessor annually compensates the tenant`s payments with the actual operating costs. In the event that the tenant`s payments are less than his share of the actual operating costs, the tenant must pay this default within __________ days of the landlord`s request. In the event that the tenant`s payments exceed his share of the actual operating costs, the lessor must apply the overpayment to the next monthly estimates. Exists between a rental period that the tenant must pay to rent a lawyer. Lawman business model library for the comfort of terms tenants need….

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