Common use of Tenant's Right to Cancel Clause in Contracts

Tenant's Right to Cancel. If the Tenant wishes to cancel this Agreement prior to the Termination Date, in terms of his right to do so as granted by the Consumer Protection Act, the Tenant shall give the Landlord at least 20 (twenty) Business Days written notice of its intention to do so. In the event of such a requested cancellation, the Tenant will remain liable for the Rental Amount together with any other amounts due to the Landlord up to the cancellation date, plus a reasonable cancellation penalty based on, amongst other factors, the Rental Amount payable, the remaining duration of the Agreement and the prospect for re-letting. The Parties agree that if a suitable replacement tenant is not procured to replace the tenant prior to the cancellation date, the Landlord shall be entitled to charge a minimum cancellation penalty equal to 3 (three) months’ rent plus an administration fee of R1,000. Should any dispute arise as a result of this Agreement the Parties agree to the jurisdiction of the Stellenbosch Magistrate’s Court.

Tenant's Right to Cancel. If the Tenant wishes to cancel this Agreement prior to the Termination Date, in terms of his its right to do so as granted by the Consumer Protection Act, the Tenant shall give the Landlord at least 20 (twenty) Business Days written notice of its intention to do so. In the event of such a requested cancellation, the Tenant will remain liable for the Rental Amount together with and any other amounts due to the Landlord up to the cancellation datedate of cancellation, plus a reasonable cancellation penalty based on, amongst other factors, factors the Rental Amount amount of the Rent payable, the remaining duration of the Agreement and the prospect for re-letting. The Parties agree that if in the event that a suitable replacement tenant is not procured to replace the tenant Tenant prior to the cancellation date, the Landlord shall be entitled to charge a minimum cancellation penalty equal to 3 (three) months’ rent months Rental plus an administration fee levy of R1,000. Should any dispute arise as a result of this Agreement the Parties agree to the jurisdiction of the Stellenbosch Magistrate’s Court.