Commercial Lease Agreement (incorporating a surety)


R5,800.00

DESCRIPTION

This commercial lease agreement builds in various protections for the landlord.  It provides for inter alia no warranty as to the suitability of the premises or that the tenant will be granted any requisite licenses, it requires any defects to be listed prior to occupation,  it requires that the tenant comply with all laws/by-laws etc., provides for shared access of shares areas/joint facilities, provides that the landlord may have the right to relocate parking areas, skip bins etc. and remove any unauthorized persons from the shared areas, it indemnifies the landlord against any loss/liability/damages which the landlord may suffer in connection with the tenant accessing the shares areas, the tenant is prohibited from making additions or alteration however also contains protections for the landlord in a situation where the tenant has proceeded to make alterations, it provides for the landlord to make alterations, the lease deals with maintenance and insurance , the landlords right of entry, exclusion of the landlords liability for damage, the exclusion of the tenant’s right to cancel or withhold rental, provides for an indemnity in the landlords favour as well as a limitation of liability,  it prohibits assignment and subletting, and provides for general obligations on the tenant such as ensuring the leased premises is clean, maintained and kept in good working order etc.,  provides for the landlords right to inspect the premises for purposes of showing a new tenant the premises, deals with advertising and a protocol for the tenant to follow for obtaining approval to erect advertising, provides that the landlord may cancel the lease if the premises are destroyed or damaged, provides that the landlord may terminate the lease for purposes of rebuilding and extension of the building /premises by giving the tenant 6 months’ notice, provides thorough consequences for a breach of the lease agreement by the tenant, provides for a cession should the landlord sell the building, it provides for arbitration and contains all of the boiler plate clauses.    It also however incorporates a suretyship whereby a third party stands surety for any amounts owing by the tenant to the landlord as security for the tenant’s obligations.  (Please Note: the description of the document provides a brief description of what is contained in each agreement/document however this is not intended to be a representation of everything contained in the agreement/document.  The contents of the agreement/document may vary depending on the information provided by you for purposes of personalising your agreement/document.)

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Description

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STEP 1: Register for an account. Download the applicable Financial Intelligence Centre Act 38 of 2001 (FICA) form (https://www.kklaw.co.za/download-fica-document/), fill it in, obtain the necessary supporting documents listed on your FICA form (i.e. identity document, proof of residence etc. ), upload your FICA form together with the necessary supporting documents and your account will be opened.  Please bear in mind that unless we have the necessary FICA documents we wont be able to open an account for you and please also bear in mind that the individual or entity who will be paying for the document must fill out the FICA form

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Download the applicable Financial Intelligence Centre Act 38 of 2001 (FICA) form (https://www.kklaw.co.za/download-fica-document/), fill it in, obtain the necessary supporting documents listed on your FICA form (i.e. identity document, proof of residence etc. ), upload your FICA form together with the necessary supporting documents and your account will be opened. Please bear in mind that unless we have the necessary FICA documents we wont be able to open an account for you and please also bear in mind that the individual or entity who will be paying for the document must fill out the FICA form

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Paul Kampel: +27 11 483 0966

Emma Allen: +27 11 483 0966

Jenna Friedman: +27 11 483 0966

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Emma Allen: emma@kkalaw.co.za

Jenna Friedman: jenna@kkalaw.co.za

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KK Attorneys

KK Attorneys is based in Johannesburg, South Africa and formed in early 2011, Kampel Kaufmann Attorneys draws from the experience of attorneys who have spent years in the 'Big firm' working.. Read More About Us

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