Standard commercial lease agreement template south africaCommercial Lease Agreement • March 11th, 2021
Contract Type FiledMarch 11th, 2021A commercial lease agreement is a written agreement between the landlord and the tenant. The contract specifies the conditions under which the tenant rents the property from the landlord for business purposes. Commercial lease agreements are also known as real estate leases. Rental agreements; lease terms and conditions Rental terms and conditions and leases of real estate contracts. Consumer Protection Act and Commercial Lease Agreements South African commercial lease agreements in which tenants are natural or juric persons with asset values or annual turnover of less than R2 million per year are included in the Consumer Protection Act (CPA) along with residential lease agreements. Commercial lease agreements are not subject to CPA if the annual turnover or asset value of the business exceeds 2 million R. Landlords are recommended to be aware of the provisions of consumer protection law 68 of 2008, as they place strict requirements on suppliers management of lease agreements for the p