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Commercial Property Lease Agreement

Instructions: Fields marked with * are required. Please fill out all information as accurately as possible to ensure your document is correctly generated.

Contact Information

Full Name *

Email Address *

Company Name

Optional

Parties

Landlord's full legal name? *

Landlord's physical address (for notices)? *

Tenant's full legal name? *

Tenant's physical address (for notices)? *

Premises Details

Full physical address of the Leased Premises? *

Detailed description of the Leased Premises? *

What specific purpose will the Tenant use the premises for? *

Lease Term

Lease Commencement Date? *

Initial Lease Duration? *

1 year

2 years

3 years

5 years

Other

Does the Tenant have an option to renew the lease? *

Yes

No

If yes, specify the renewal terms:

Financials

Initial Monthly Rental Amount (ZAR, excluding VAT)? *

Day of the month rent is due? *

Landlord's bank account details for rent payment? *

Deposit Amount (ZAR)? *

How will the rent escalate (increase) annually? *

Fixed Percentage

Based on CPI (Consumer Price Index)

Other

Specify the escalation rate or details: *

Are there penalties for late rent payment? *

Yes

No

If yes, specify the late payment penalty:

Operating Costs

Responsibilities

Who is responsible for maintenance and repairs? *

Landlord for exterior/structure, Tenant for interior

Tenant responsible for all non-structural repairs

Shared (Specify details below)

Specific details on maintenance responsibilities:

Specify insurance requirements: *

Tenant Rights & Obligations

Can the Tenant make improvements or alterations? *

No alterations allowed

Only with prior written consent from Landlord

Minor cosmetic changes allowed, major require consent

Details regarding improvements/alterations:

Rules regarding Tenant's signage?

Can the Tenant sublet or assign the lease? *

No

Yes, with Landlord's prior written consent

Legal & Admin

Is personal suretyship required from the Tenant's directors/members (if Tenant is a company/CC)? *

Yes

No

If yes, provide full name(s) and ID number(s) of the surety/sureties:

How should disputes be resolved? *

Negotiation, then Mediation

Arbitration

Jurisdiction of the Magistrate's Court

Jurisdiction of the High Court

Governing law and jurisdiction? *

South Africa

Effective date of this agreement? *

Important Disclaimer:

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