Business lease agreement template south africaBusiness Lease Agreement • June 29th, 2021
Contract Type FiledJune 29th, 2021A commercial lease agreement is a written contract between a landlord and a tenant. The agreement specifies the terms by which the tenant rents property from the landlord for business purposes. The commercial lease agreement is also known as a property rental agreement; rental contract; terms of lease; rental terms and conditions; and lease of property agreement. Consumer Protection Act and commercial lease agreements Commercial lease agreements in South Africa, where the tenant is a natural- or juristic person with an asset value or annual turnover of less than R2 million per annum, is included under the Consumer Protection Act (CPA) – along with residential lease agreements.