Lease Agreement

Page 1

ANALIA PROPERTIES TELEPHONE: ______________ FACSIMILE ______________CELL __________________

AGREEMENT OF LEASE

Between: of Postal address : Telephone

: Work

Cellphone : (hereafter referred to as the “LESSOR”)

and of Postal address : Telephone

: Work

Cellphone : (hereafter referred to as the “LESSEE”)

1.

PREMISES LET : The LESSOR hereby lets to the LESSEE, subject to the terms and conditions contained in this lease, who hereby rents certain immovable property together with fixed improvements and fittings thereon described as and situated at (The “premises”)

2.

DURATION OF LEASE : 2.1

This lease shall be for a period of ______________________________ commencing on the __________ day of _____________________ 20 ____ (the commencement date) and terminating on the ________ day of __________________________.20___.

2.2

Thereafter this lease shall continue in full force and effect as a monthly tenancy terminable by either party giving to the other party one calender month written notice to that effect unless either party shall, not later than one month prior to the expiration of this lease have notified the other in writing that such monthly tenancy shall not be established.

3.

RENTAL 3.1

The rental payable in respect of the premises shall initially be the sum of : R________________ (_____________________________) per month. The rental shall be payable monthly in advance on the FIRST day of each and every month without deduction or set-off to the LESSOR in the manner set out in clause 3.3 or in such manner as the LESSOR may from time to time direct in writing.


Page 2

3.2

An

escalation

of

_____________

%

(___________)

will

be

effective

after

every

________________________ months of this lease agreement. 3.3

All rentals payable in terms of this lease are payable free of exchange at: Bank

:

Account No 3.4

Account Name : Branch /code

:

The LESSOR or the AGENT shall be entitled at such partyâ€&#x;s sole discretion to require from the LESSEE payment of the rent in terms of this lease by the LESSEE furnishing the LESSOR or the AGENT with a series of post-dated cheques upon signature hereof in respect of the full duration of this lease agreement or in respect of a portion thereof.

3.5

Without prejudice to any rights which the LESSOR may have in terms of this lease, should the LESSEE fail to pay any amount of whatever nature due by the LESSEE in terms of this lease on the due date, then the LESSEE shall pay interest on such amount at the legal rate, currently 15,5% from the due date up to and including the date of payment and such interest shall be paid together with the amount in respect of which such interest has accrued.

3.6

Should the interest rate charged at the commencement date by the legal holder/s of any mortgage bond/s passed or to be passed over the premises be increased during the currency of this lease, then the monthly rental shall be increased in proportion to such increase in the annual mortgage interest rate.

3.7

Should the amount of rates, taxes, basic charges, or Sectional Title levies, as levied by the local authority or any other authority at any time during the currency of this lease be increased so as to exceed the monthly amount payable as at the commencement date, then the LESSEE shall be liable to pay the LESSOR the amount of such increase in addition to the monthly rental.

3.8

Any increases in terms of this paragraph 3 shall only be payable once 30 days notice has been given.

3.9

Notification by the LESSOR and/or the AGENT of the increases in terms of this paragraph 3 above shall be conclusive evidence of such increase for all purposes under this lease agreement.

DEPOSIT AND DEFECTS 4.1

On signing this lease the LESSEE shall pay to the AGENT/LESSOR an amount of R ___________________________ ( ______________________________________Rand) as a deposit.

4.2

The LESSOR or AGENT shall hold the deposit in an interest bearing account for the LESSEEâ€&#x;S benefit.


Page 3

4.3

The LESSEE and the LESSOR must jointly, before the LESSEE moves into the premises, inspect the premises to ascertain the existence of any defects or damage therein with a view to determining the LESSOR's responsibility for rectifying same or with a view to registering such defects or damage.

The list of defects or damage

registered in terms of this clause shall be annexed hereto. 4.4

At the expiration of the lease the LESSOR and LESSEE must arrange a joint inspection of the premises at a mutually convenient time within three days prior to such expiration with a view to ascertaining if there was any damage caused to the premises during the LESSEE's occupation thereof;

4.5

On the expiration of the lease, the LESSOR may apply the deposit and interest towards payment of all amounts for which the LESSEE is liable under the lease, including the reasonable cost of repairing damage to the premises during the lease period and the cost of replacing lost keys and the balance of the deposit and interest, if any, must then be refunded to the LESSEE by the LESSOR within 14 (fourteen) days of restoration of the premises to the LESSOR;

4.6

The relevant receipts which indicate the costs which the LESSOR incurred, as contemplated in clause 4.5, must be available to the LESSEE for inspection as proof of such costs incurred by the LESSOR.

4.7

Should no amounts be due and owing to the LESSOR in terms of the lease, the deposit, together with the accrued interest in respect thereof, must be refunded by the LESSOR to the LESSEE, without any deduction or set-off, within 7 (seven) days of expiration of the lease;

4.8

Failure by the LESSOR to inspect the premises in the presence of the LESSEE as contemplated in clause 4.3 or 4.4 is deemed to be an acknowledgement by the LESSOR that the premises is in a good and proper state of repair, and the LESSOR will have no further claim against the LESSEE who must then be refunded in terms clause 7.

4.9

Should the LESSEE fail to respond to the LESSOR's request for an inspection as contemplated in clause 4.4, the LESSOR must, on expiration of the lease, inspect the premises within seven days from such expiration in order to assess any damages or loss which occurred during the tenancy;

4.10

The LESSOR may in the circumstance contemplated in clause 4.9, without detracting from any other right or remedy of the LESSOR, deduct from the LESSEE's deposit and interest the reasonable cost of repairing damage to the premises and the cost of replacing lost keys;

4.11

The balance of the deposit and interest, if any, after deduction of the amounts contemplated in clause 4.10, must be refunded to the LESSEE by the LESSOR not later than 21 (twenty one) days after expiration of the lease;

4.12

The relevant receipts which indicate the costs which the LESSOR incurred, as contemplated in claue 4.10, must be available to the LESSEE for inspection as proof of such costs incurred by the LESSOR; and


Page 4 4.13

Should the LESSEE vacate the premises before expiration of the lease, without notice to the LESSOR, the lease is deemed to have expired on the date that the LESSOR established that the LESSEE had vacated the premises but in such event the LESSOR retains all his or her rights arising from the LESSEE's breach of the lease.

4.14

Nothing contained in this clause shall be deemed to limit in any manner the amount which the LESSOR or AGENT may be entitled to recover from the LESSEE.

4.15

The LESSEE shall not under any circumstances be entitled to withhold payment of the rent or any portion of the rent for the final month and to set off such payment against any deposit which the LESSEE may have paid in terms of this lease.

4.16

The LESSOR shall not be obliged to repair the items and notice shall serve as a record of the state of the repair in which the LESSEE took over the premises.

5.

RATES AND TAXES/BODY CORPORATE SERVICE CHARGES 5.1

The LESSEE shall from the commencement date be liable for all applicable charges, such as, water and electricity and any other services required by the LESSEE in respect of the premises. The LESSOR or AGENT shall advise the LESSEE on a monthly basis, in writing of the sum due in this regard. Such amounts shall be paid promptly to the LESSOR or AGENT on the due date.

5.2

Should the LESSEE fail to make payment to the LESSOR or the AGENT as aforesaid the LESSOR or the AGENT shall, in addition and without prejudice to all other rights available to the LESSOR in law, be entitled to terminate the supply of electricity, water and other services to the LESSEE.

5.3

The LESSOR shall be obliged to pay the basic assessment rates and other basic service charges levied by the municipality or such other relevant authority in respect of the premises.

6.

STATE OF REPAIR AND MAINTENANCE OF THE PREMISES 6.1

The LESSEE shall be responsible for the care and maintenance of the premises during the currency of this lease and at the termination date deliver the same to the LESSOR in the same good order and condition as at the commencement date, fair wear and tear accepted.

6.2

Maintenance of the premises shall be deemed to include but shall not be restricted to, the maintenance of, and where necessary repairs to all doors, windows, locks, replacement of keys, electric light fittings and connections, taps, drains and sewerage and other fixtures, fittings, furnishings, machinery or equipment on the premises.

6.3

The LESSEE shall make good and repair at the LESSEEâ€&#x;S own cost any damage or breakages as and when the same become necessary.

6.4

The LESSOR shall at his/her sole discretion, subject to giving the LESSEE 5 (Five) days written notice, be


Page 5 entitled at any time to make good and repair any such damage or breakages and shall be entitled to recover the costs of so doing from the LESSEE forthwith. 6.5

The LESSEE shall keep and maintain all sewerage pipes, water pipes, guttering and drains free from obstruction and blockage and shall at the LESSEE'S own cost remove any blockage or obstruction therein.

Should the LESSEE fail to fulfill the LESSEE‟S obligations in terms of this clause to the

satisfaction of the LESSOR then the LESSOR or the AGENT shall be entitled to carry out such maintenance and repairs as may be necessary in which event the LESSEE shall be liable to reimburse the LESSOR or the AGENT for the cost thereof on demand. 6.6

The LESSEE shall in no manner interfere with the electrical appliances, installation or wiring on the premises. Any damage to such by short circuit or any other manner shall immediately be made good by the LESSEE. The LESSEE shall at all times and at the LESSEE‟S cost keep all such electrical appliances, installations and wiring on the premises in good order and condition, fair wear and tear accepted.

6.7

The LESSEE shall have no claim against the LESSOR for damages or otherwise arising from the total or partial failure in the supply of electric current, water, gas or other such services, nor shall the LESSEE be entitled to any abatement of rent arising from such failure.

6.8

The LESSEE shall be responsible for any damage to the premises caused by any furniture or other objects or vehicles being brought onto or removed from the premises.

6.9

The LESSEE shall at the LESSEE‟S expense keep the grounds and gardens of the premises in a neat and tidy condition and free from all weeds, refuse and rubble and shall maintain the existing gardens and lawns if any, in good condition and properly watered. The LESSEE shall not cut down, remove or destroy or permit to be cut down, removed or destroyed, any trees or shrubs without the prior written consent of the LESSOR. In the event of a swimming pool or a tennis court or any other amenity being situated on the premises the LESSEE shall maintain and keep same in proper working order and in a clean, fit and proper state to the satisfaction of the LESSOR or AGENT.

The LESSOR shall at the

LESSOR‟S sole discretion, without prejudice to any other rights which the LESSOR may have in terms of this lease, be entitled to maintain same at any time and to recover the cost of any such maintenance from the LESSEE on demand. 7.

IMPROVEMENTS AND ADDITIONS 7.1

The LESSEE shall not make any alterations, additions or improvements to the premises or to any installations thereon whether structural or otherwise and shall not drive or permit any nails or screws to be driven into the walls, ceilings or floors, or into any furniture or fittings thereon, and shall not do or permit anything to be done that may damage the walls or any other portion of the premises, without the LESSORS prior written consent.

7.2

Any alterations, additions or improvements made by the LESSEE with the written consent of the LESSOR


Page 6 shall upon termination or cancellation of this lease at the LESSOR‟S option either be : 7.2.1

removed from the premises by the LESSEE in which event any damage resulting shall be repaired by the LESSEE at own expense, or

7.2.2

should the LESSOR not require the removal thereof then all such alterations, additions or improvements shall accede to the premises and shall become the property of the LESSOR in which event the LESSEE shall be deemed to have waived any claims of whatever nature arising out of such alterations, additions or improvements to the premises and the LESSOR shall not be required to compensate the LESSEE in any manner in respect thereof.

8.

INSPECTION 8.1

The LESSOR or the AGENT or workmen of the aforegoing, shall at any reasonable time be entitled to enter the property in order to inspect same or to make improvements and/or repairs provided prior arrangements are made with the LESSEE.

8.2

The LESSEE shall allow prospective tenants or buyers to view the premises during reasonable hours.

8.3

The LESSOR or the AGENT shall be entitled to affix and exhibit „for sale‟ notices on the premises and the LESSEE shall not be entitled to remove, move or damage such notices.

8.4

The LESSOR or the AGENT shall be entitled to affix and exhibit „let by‟, notices on the premises during the first 2 (two) months of the lease period and shall be entitled to exhibit „to let‟ notices during the last 2 (two) months and the LESSEE shall not be entitled to remove, move or damage such notices.

9.

RETURN OF THE PREMISES At the conclusion of the lease, the LESSEE shall hand over the premises to the LESSOR in the same good order and condition as they were at the commencement date or as they were after repairs have been effected in terms of this lease, fair wear and tear accepted.

10.

INSURANCE 10.1

The LESSOR shall arrange a normal house owners comprehensive insurance on the premises. The LESSEE shall insure and keep insured the moveable contents of the premises in respect of all risks covered by the normal house holders comprehensive insurance policy.

10.2

The LESSEE shall not use or permit the use of any apparatus or carry on or permit the carrying on of any trade, or process, keep or permit the keeping of any combustibles or hazardous goods in or on the premises which may vitiate the LESSOR‟S fire insurance policy or increase the premium payable thereunder.


Page 7

11.

INDEMNITY The LESSEE hereby indemnifies the LESSOR and the AGENT in respect of any claim made against the LESSOR or the AGENT by anybody for any loss, damage or injuries suffered on the premises or surrounds in any consequence of any act or omission of the LESSEE, his servants, agents or invitees or arising in any way out of the use or occupation of the premises by the LESSEE.

12.

WITHHOLDING OF RENTAL The LESSEE shall not be entitled to withhold, delay or set off payment of any amounts due to the LESSOR in terms of this lease by reason of the leased premises or any part thereof being in a defective condition or in a state of disrepair or by reason of any particular repair not being effected by the LESSOR or by reason of any act or omission by the LESSOR arising out of or in any way connected with this lease.

13.

PARTIAL OR TOTAL DESTRUCTION 13.1

In the event of a fire occurring on the premises or in the event of the LESSEE being deprived of what is in view of the LESSOR or AGENT the beneficial use of the premises by any other cause whatsoever beyond the control of the LESSOR , then the LESSOR shall be entitled to forthwith terminate this lease.

13.2

In the event of 14.1 occurring the LESSOR shall refund to the LESSEE any rent paid in advance beyond the date of such termination and the LESSEE shall not have a claim against the LESSOR for any loss or damage whether direct or indirect.

13.3

If, in the discretion of the LESSOR, this lease shall continue, then the LESSEE shall during the period for which the LESSEE is deprived of the beneficial use of the premises be entitled to such proportionate abatement of rent as the LESSOR may agree to.

14.

PROHIBITION AGAINST SUB-LEASE, CESSION, ETC 14.1

The premises shall be used for residential purposes only. The premises shall be occupied personally by the LESSEE and the LESSEEâ€&#x;S immediate family and no other person shall reside in or on the premises during the currency of this lease.

14.2

The LESSEE shall not cede or assign this lease either in whole or in part, nor sublet the premises or any portion thereof, nor permit or allow any other person to occupy the premises, or to obtain possession thereof with or without remuneration, without the prior written consent of the LESSOR. The granting or withholding of such consent shall be at the sole discretion of the LESSOR.

15.

DAMAGES SUFFERED BY THE LESSEE 15.1

The LESSOR shall maintain all outside walls and roofs of the premises.


Page 8

15.2

Notwithstanding the provisions of this Lease the LESSOR shall not be responsible to the LESSEE for any loss or damage whether direct or consequential of whatever nature or cause, whether by civil commotion, riots, strikes, acts of enemies of the state. leakage, rain, hail, snow or fire or such as may result from any failure by the LESSOR to attend to any maintenance either timeously or at all.

15.3

The LESSEE shall not be entitled by virtue of an omission by the LESSOR in terms of clause 15.1, or for any of the aforegoing reasons in 15.1 or any other reasons whatsoever to withhold any monies payable by the LESSEE in terms of this lease agreement.

16.

DEFAULT BY THE LESSOR 16.1

Should the LESSEE allege that the LESSOR is in default, the LESSEE may not take any steps for the cancellation of this lease unless the lessor remains in default for 30 (thirty) days after receipt by the LESSOR of written notice by the LESSEE in which the alleged default is set forth.

16.2

The LESSEE may not under any circumstances withhold payment of the rental or any part thereof by reason of an alleged default by the LESSOR or for any other reason whatsoever.

17.

BREACH 17.1

Should the LESSEE : 17.1.1

Fail to pay any amount due in terms of this lease on the due date thereof; or

17.1.2

Commit a breach of any term or condition of this lease or permit a breach of any such term or condition; or

17.1.3

Commit an act of insolvency as defined in the Insolvency Act No. 24 of 1936; or

17.1.4

Allow any judgment to be taken against the LESSEE or fail within 21 days after such judgment to satisfy the same, or apply to the appropriate court for rescission of same.

the LESSOR shall have the right, on written notice, immediately to : 17.1.5

cancel this lease, evict the LESSEE or any other person occupying the premises and to take possession of the premises without prejudice to his/her/its rights to claim arrear rental calculated from the date on which such arrears became due to the date of payment thereof, or alternatively;

17.1.6

to claim the full balance of the rental payable or to become due and payable in terms of this agreement.


Page 9 17.2

Should the LESSOR or the AGENT cancel this lease and the LESSEE dispute the said right to cancel and remain in occupation of the premises, the LESSEE shall pending the determination of the dispute, continue to pay all amounts due by the LESSEE in terms of this lease on the due date thereof and the LESSOR shall be entitled to accept and recover such payments without prejudice to the LESSOR‟S claim for cancellation of this lease or any other claims which the LESSOR may have arising out of such cancellation. Should the dispute be determined in favour of the LESSOR the payments made in terms of this clause shall be deemed to be amounts paid by the LESSEE on account of damages suffered by the LESSOR by reason of the cancellation of the lease or the unlawful holding over by the LESSEE, or both.

18.

LEGAL PROCEEDINGS 18.1

The LESSEE consents to the jurisdiction of the Magistrates Court in respect of any action or proceedings which may be brought against the LESSEE by the LESSOR or the AGENT arising out of or in connection with this lease without prejudice, however, to the LESSOR‟S rights or the AGENT‟S rights, as the case may be to institute such action in the High Court of South Africa.

18.2

The LESSEE hereby chooses Domicilium citandi et executandi, the address of the premises, for all purposes under this lease and all notices required to be given to the LESSEE in terms of this lease shall be delivered by hand or sent by pre-paid registered post to the premises and shall be deemed in the case of delivery by hand to have been received on the date of delivery and in the case of posting on the 4th working day after the date of posting.

18.3

The LESSEE shall be entitled by pre-paid registered mail and in writing to vary the Domicilium citandi et executandi to any other address within the Republic of South Africa, provided that such address may not be a post box or poste restante.

18.4

All legal proceedings for the recovery of rent or ejectment or the fulfillment of any of the terms hereof or for recovery of any damages or loss suffered through the LESSEE‟S breach of any of the terms hereof or through the LESSEE‟S failure to vacate the premises timeously upon termination of this lease, may be instituted by either the AGENT in the agents name or by the LESSOR as the LESSOR may from time to time direct.

18.5

The LESSEE shall be responsible for and hereby undertakes to pay on demand to the LESSOR or AGENT all expenses, costs and charges which the LESSOR or the AGENT may incur arising out of the default of the LESSEE including any costs of tracing the LESSEE, collection commission at the ruling rate and all costs as between attorney and client. The LESSEE shall be fully liable for any costs incurred by the LESSOR or the AGENT in respect of attendance at Rent Board hearings held at the insistence of the LESSEE in the event that such hearings should not be decided in favour of the LESSEE.

19.

AGENT 19.1

It is recorded that the conclusion of this Lease has been brought about through Analia Properties (herein


Page 10 referred

to

as

the

AGENT).

The

LESSOR

agrees

to

pay

the

AGENT

a

commission

of

R_________________________ plus VAT and further agrees to make payment of the commission plus VAT which would be due to the AGENT for any extended period of the lease.

19.2

It is agreed between the parties that the obligations of the said AGENT shall terminate once this lease has been signed by the parties, and that there will be no obligation or duty upon the said agency either to ensure that any payments are made by the LESSEE or to resolve any disputes that may arise between the LESSOR and the LESSEE or to have to take any action or to anything resultant upon the obligations and duties of either the LESSOR or the LESSEE and should the LESSEE require that certain repairs or maintenance or alterations be effected by the LESSOR to the premises, the LESSEE shall communicate directly with the LESSOR in regard thereto.

ALTERNATIVELY 19.2

Subject to the provisions of clause 20.4 hereof, the LESSOR shall pay to the AGENT a monthly commission for the collection of rents and administration of the premises calculated at 12.5% (twelve comma five percent) of the gross amount of the monthly rentals, together with such Value Added Tax as may be payable thereon, which commission shall be payable for the full period of the tenancy.

19.3

Should this lease be terminated as a result of a failure by the LESSOR to carry of any of the LESSOR's obligations in terms of this lease, then the LESSOR shall be liable for payment of the AGENT's commission as aforesaid for the remaining period of the tenancy, which commission shall be deemed to have been earned and payable forthwith.

19.4

Notwithstanding anything to the contrary herein contained, should this lease be cancelled as a result of a failure by the LESSEE to carry out any of the lessee's obligations in terms of this Lease, then the LESSEE shall refund to the LESSOR any commission, including Value Added Tax thereon, paid by the LESSOR to the AGENT or if no commission has been paid or is payable by the LESSOR then (at the sole option of the AGENT), the LESSEE shall be liable to the Agent for such commission and Value Added Tax as aforesaid for the remaining period of the tenancy, which commission shall be due and payable forthwith.

19.5

In the event that the LESSOR and LESSEE terminate the lease by agreement, the AGENT shall be entitled to commission for the remaining period of the tenancy, which commission shall be deemed to have been earned and payable forthwith. In such event the AGENT shall be entitled to claim payment of such commission from either the LESSOR or the LESSEE who shall be jointly and severally liable. The party from whom payment is claimed shall be entitled to recover a pro rata share from the other.

20.

NON VARIATION CLAUSES 20.1

This agreement constitutes the entire agreement between the parties, and no representation by either of the parties or their agents, whether made prior or subsequent to the signing of this agreement, shall be binding unless reduced to writing and signed by both parties hereto.


Page 11

20.2

No variation, alteration or consensual cancellation of this agreement or any of the terms thereof shall be of any force or effect, unless in writing and signed by the parties hereto.

20.3

No waiver or abandonment by either party or any of its rights in terms of this agreement shall be binding on that party unless such waiver or abandonment is reduced to writing and signed by the waiving party.

21.

GENERAL 21.1

The LESSEE shall on signature hereof, pay to the LESSOR/AGENT an amount equal to which stamp duty payable on this lease.

21.2

Notwithstanding anything to the contrary contained herein and notwithstanding any receipt given for rent or any deposit paid, should the LESSOR be unable to give the LESSEE occupation of the premises on the commencement date, by reason of the premises being in a state of disrepair or by reason of the fact that the previous tenant shall not have vacated the same or by reason of any facts, matter or thing whatsoever and whether or not such is due to the fault of the LESSOR or the AGENT, the LESSEE shall have no claim for damages or other rights of action against the LESSOR or the AGENT as a result thereof and the LESSEE undertakes to accept occupation from whatever date the premises are available subject to a remission of rent for the period of non occupation.

21.3

Should the LESSEE fail to take occupation of the premises within the period of 5 (FIVE) days of the commencement date or from the date on which the premises are tendered to the LESSEE in terms of clause 22.2 above, the LESSOR shall without prejudice to any other rights available to the LESSOR in law be entitled, to forthwith cancel this lease without notice, in which event the LESSEE shall have no right or claim of whatsoever nature against the LESSOR by reason of such cancellation but shall forfeit any deposit paid and be liable for any loss of rent or other damages sustained by the LESSOR as a result of such cancellation.

21.4

The LESSEE shall not do or permit to be done in or upon the premises or any part thereof any act or thing which may be or become a nuisance, annoyance or inconvenience to the LESSOR, owners and or occupiers of any adjoining or neighbouring premises or which may result in damage or danger to any such persons or their properties or belongings.

21.5

This lease is granted subject to the conditions as set forth and contained in the title deed of the property and subject to the provisions, if any, of the Town Planning scheme and/or Regulations of the local government and/or Laws, Ordinances or Regulations of other Authorities which may be applicable.

21.6

The LESSEE shall, if required by the LESSEE, be liable for the cost of installation of all telephone lines and or telephones and shall be liable from the commencement date for the rental thereof as well as charges in respect of all calls made therefrom, whether or not the charges in respect of such calls are


Page 12 debited to the name of the LESSEE. 21.7

The premises are equipped with an alarm system. If applicable, the LESSOR agrees to continue with the services and undertakes to have the contract transferred in the LESSEE‟S name by the commencement date and shall be fully responsible for the monthly cost and call-out fees. The LESSEE agrees to have the alarm system serviced during the currency of this lease, should such become necessary, at the LESSEE‟S expense. (Complete only if Applicable)

21.8

The LESSOR has the right to terminate this lease by affording the LESSEE 2 (two) months written notice so as to enable the LESSOR to sell the premises. The LESSEE undertakes to vacate the property on the expiry of the 2 (two) month notice period.

21.9

Should there be more than one LESSEE, the liability of the LESSEE‟S shall be joint and several.

21.10

Should the LESSEE be a Company, Close Corporation or Trust, the person/s signing this agreement on behalf of such Company, Close Corporation or Trust shall be liable as surety and co-principal debtor for any obligations in terms of this lease. The signatories hereto, by virtue of their signature on this lease, accept the obligations imposed by this clause.

22.

FURTHER CONDITIONS

THUS DONE AND SIGNED BY THE LESSOR at _____________________________________________on this ____________ day of________________________________ 200____ WITNESSES : 1. 2. LESSOR ( or authorised representative) THUS

DONE

AND

SIGNED

BY

THE

LESSEE

at

___________________________________________

________________day of ____________________________ 200____

on

this


Page 13

WITNESSES : 1. 2. LESSEE ( or authorised representative) We accept the benefits hereof.

For THE AGENT

LESSOR Surname: Full Names: I.D. Number: How Married: Present Address:

Future Address:

TELEPHONE NUMBERS: Residential:

SPOUSE:


Page 14

Business: Fax: E-mail: LESSEE: Surname: Full Names: I.D. Number: How Married: Present Address:

Current Income TELEPHONE NUMBERS: Residential: Business: Fax: E-mail:

SPOUSE:


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