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The following comments are from Dexter Leite, PGP’s rental manager for the Cape Metro region.
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It is essential that landlords / investors protect their assets to the fullest extent possible, avoiding the potential pitfalls when letting their investment, thereby minimising their risk, financial and otherwise, inter alia, by way of adhering to the criteria listed below.
It is equally important that tenants ensure that their interests are adequately protected and that they minimise any potential risk, when leasing a home. Bear in mind that once you have entered into a lease it is generally not easy, other than as allowed for in terms of legislation, to terminate a lease during it’s tenure. Cancellation of a fixed term lease, as provided for in the Consumer Protection Act No 68 of 2008 can attract cancellation penalties, which can be costly.
Advice for landlords:
Advice for tenants:
For further information, please contact Dexter Leite on email@example.com or 021 673 4300