So be sure to consider all possible hidden and future costs when discussing their lease. This means that when it`s time for you to move and your lease is over, you`ll be able to move on to your next home with ease and with more money in your pocket. As a student, you have a lot of editions – courses, textbooks and, of course, entertainment. Moving to your own apartment for the duration of your studies is exciting, but it can also be more expensive than you will recognize if you don`t take into account all the associated costs before signing your rental agreement. Your rental agreement should also set your contribution to the apartment`s incidental costs. This means that water, electricity (unless there is a prepaid meter), wastewater cost and waste disposal will be charged. The first thing you need to be sure is your monthly rent and the deposit needed to secure your apartment. The amount of this deposit can vary from one to three months` rent and must be deposited into a paid bank account, says Suzette Kroger, pam Golding Properties agent for Stellenbosch. This money allows the owner to pay for damages caused during your rental period. If you stay in your apartment for more than a year, you may need to consider a rent increase that can vary from 5 to 10%.
Remember that an extension of a lease, accompanied by a rent increase, will also result in an increase in the deposit, says Kroger. Other additional fees may include a key deposit, remote controls and access cards, as well as an administrative fee if you rent through a renter. The Consumer Protection Act (CPA) requires the lessor to provide the tenant with a written notification of at least 40 days and no more than 80 days before the expiry of the tenancy agreement, in order to decide whether or not to renew the lease. All new conditions and/or substantial changes to the tenancy agreement, such as the increase in rent and the extended tenancy period, must be included in the notice of contract. As a general rule, administrative costs related to the renewal of the lease and an increase in the amount of the deposit are also due. „First step,“ says Leite, must sign a lease agreement. We, from PGP, offer two types; One is what we call the supply rental, under which we find and verify a tenant, and we create and facilitate the signing of the tenancy agreement. In addition, we do not have the responsibility or obligation to monitor compliance with a term or condition of the lease or to assist in the execution of the lease. The lease also provides for the owner`s obligations.
This includes: It gives you and the owner the opportunity to document any structural damage or defects during the current inspection, taking photos and providing them with a written list of concerns that must be attached to the lease. You can then refer to this list if you and the owner carry out your outgoing inspection, usually within three days of the expiry of your lease. In cases where legal firms are consumers (tenants) and at the time of the transaction, they have an annual asset or turnover in excess of R2 Million. The fixed-term lease is not a cpA transaction. The law also does not apply to transactions in which goods or services are delivered to the state. If no repairs are required and the lessor or broker does not owe arrears, you must receive your full deposit and interest accrued during the rental period within seven days.