A lease agreement is not just a formality; it's a vital document that sets clear instructions and expectations for the rental period. Understanding the terms of the lease can prevent many common disputes from arising.
Mandatory disclosure of known defects has been a legal requirement for property sales for several years now. More recently, however (as of February 2022, to be exact) this requirement was extended to residential property rentals as well.
Due to the prolonged delay in promulgating the Rental Housing Amendment Act of 2014, there is some confusion about whether or not a lease agreement in South Africa has to be in writing – but it is highly advisable for both landlords and tenants...
When a tenant fails to pay rent on time, landlords can face significant financial challenges. To minimize their risk, landlords can put proactive measures in place to ensure a more stable and predictable rental income.
Whether you are renting a flat or a house, you should leave it in a good state to safeguard your deposit.
Understanding tenant preferences is not just about knowing what they want, but about using this knowledge to shape new developments, investment strategies, marketing activity, and resource allocation.
Renting a property involves more than just finding a place to live, it's about nurturing a mutually beneficial relationship with your landlord while ensuring a stable and comfortable living environment.
One of the most important decisions investors face when entering the rental market is choosing between letting a property on a long-term lease or opting for short-term rentals as both options have their advantages and challenges.
South African tenants are in a better financial position than at the end of 2022 despite high interest rates and inflation – great news for rental agents and landlords who rely on timely rent payments.
As South Africa grapples with an escalating electricity crisis and an uncertain future on the energy front, tenants may wonder about the feasibility of asking for solar energy and what rights they possess in navigating this transformative process.
Here are a few important “need to knows” when it comes to booking holiday accommodation.
What every consumer needs to double check before signing a lease agreement, is that their lease makes provision for an early cancellation as per the Consumer Protection Act (CPA).
Two legal experts share insights on residential rental challenges and how to navigate them.
In an ideal world, a rental should proceed with no issues, but life happens, for example unpaid rent, damage to a property, or breaching a rule of conduct such as keeping a pet without the landlord’s permission.
Many potential first-time home buyers are opting to rent, increasing demand for homes in areas like Cape Town CBD, which is evolving into a desirable residential location, not just a business hub.
South Africa’s residential rental market has remained strong with vacancies nationally seeing only a small increase from 6.19% in the first quarter to 7.27% in the second quarter of 2023, according to TPN’s Vacancy Survey Report for the second...
The percentage of South African tenants in arrears rose from 18% in Q1 2023 to 18.4% in Q2 – the highest percentage recorded since the end of 2021, but still below the peak recorded during the COVID-19 pandemic.
Rental demand continues to rise in the current high interest rate environment as consumers struggle to navigate the prevailing cost-of-living crisis, and prospective home buyers delay purchases.
Unlocking the potential of real estate investments in South Africa requires a deep understanding of the crucial role played by responsible landlords
The fourth annual PayProp State of the Rental Industry Survey has shown that almost 80% of property sector professionals are optimistic about the future of the rental industry.
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