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7 QUESTIONS LANDLORDS SHOULD ALWAYS ASK TENANTS

7 QUESTIONS LANDLORDS SHOULD ALWAYS ASK TENANTS

Can landlords choose their tenants? What information should a landlord ask for? These are both excellent questions. As a landlord, you are allowed to find the best possible tenant to occupy your rental. This means that the questions you ask potential tenants are crucial in making the right decision for your property in the long run. As a starting point, the best tenants will usually have the fo

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WHEN CAN A LEASE AGREEMENT BE CANCELED

WHEN CAN A LEASE AGREEMENT BE CANCELED

There can be many reasons for tenants wanting to terminate their lease agreement early — most recently, many tenants faced retrenchments during the Covid pandemic and could no longer afford their rent. On the other hand, landlords can also attempt to cancel the lease agreements early. In both scenarios, if the correct processes are not followed, this can become a legal minefield, especially

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IS IT WORTH BUYING A HOUSE TO RENT OUT?

IS IT WORTH BUYING A HOUSE TO RENT OUT?

Buying a house with the intent to rent it out can be a great passive investment move, right? You buy an affordable property, your tenants pay off your second home loan and you’ll have supplemental income from their rent payments! However, owning a rental property is more complex than tweaking leaky plumbing or fixing the air conditioning during heatwaves. Before you jump into the commitme

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LANDLORD VS TENANT: A GUIDE TO PROPERTY RENTAL RESPONSIBILITIES

LANDLORD VS TENANT: A GUIDE TO PROPERTY RENTAL RESPONSIBILITIES

One of the hardest jobs facing any landlord is trying to find a suitable tenant. However, a landlord’s responsibilities don't end once the lease is signed. In many ways, this is just the beginning of the relationship. Just as a landlord has certain expectations from their tenants – for example, paying rent on time and honouring the stipulations of the lease agreement – a tena

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AN EASY GUIDE FOR DRAFTING YOUR LEASE AGREEMENT

AN EASY GUIDE FOR DRAFTING YOUR LEASE AGREEMENT

If you’re new to the rental market, it may prove helpful to have a detailed understanding of a rental agreement. Setting this up correctly at the start is crucial to avoid costly legal battles down the line. To assist you with understanding the necessities of a lease agreement below is an easy guide to use when you or your managing agent drafts one: What is a lease agreement? The lease a

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HOW LANDLORDS CAN REDUCE TAX ON RENTAL INCOME

HOW LANDLORDS CAN REDUCE TAX ON RENTAL INCOME

We all know that owning a rental property is more than just finding the perfect tenant. If you own a rental property portfolio that provides an income, you’d know that it’s much like owning a business. This means that there are tax implications and dues that need to be paid to the South Africa Revenue Service (SARS). While all taxable income must reflect on your return, there are ways

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HOW TO NEGOTIATE YOUR RENTAL ESCALATION

HOW TO NEGOTIATE YOUR RENTAL ESCALATION

Rental increases are, unfortunately, inevitable – but does this mean that you as a tenant have no choice but to accept whatever percentage the landlord decides? Luckily for you, you may be able to negotiate yourself into a more manageable rental escalation. Should your lease be renewed? Every year on the anniversary of your lease, the rental agent and landlord need to decide two things

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WHAT HAPPENS TO YOUR RENTAL DEPOSIT?

WHAT HAPPENS TO YOUR RENTAL DEPOSIT?

Most landlords request a deposit from their tenants before they move into the property. According to Section 5 of the Rental Housing Act, No. 50 of 1999, a landlord is legally entitled to request a deposit from their tenants. How much should you expect to pay? The amount that the tenant will be required to pay as a deposit is stipulated in the lease agreement. Conventionally the rental de

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WHAT IS OCCUPATIONAL RENT?

WHAT IS OCCUPATIONAL RENT?

In most instances, buyers want to avoid having to pay occupational rent and wait for the home to be registered in their name before they move in. Similarly, sellers want to be out by the time the transfer goes through. Sadly, life doesn’t always go according to plan. It is important to have an understanding of what occupational rent is so that you’re prepared for whatever delay life th

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USING THE RENTAL HOUSING TRIBUNAL TO RESOLVE DISPUTES

USING THE RENTAL HOUSING TRIBUNAL TO RESOLVE DISPUTES

Though many have never even heard of it, there is a free portal of advice that landlords and tenants can use to resolve disputes without incurring massive legal fees. In these instances, both parties may seek free council from the Rental Housing Tribunal (RHT): an organisation that exists to resolve disputes. What is the Rental Housing Tribunal? The RHT implements the Rental Housing Act and

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WHAT IS BREACH OF CONTRACT & WHAT LANDLORDS CAN DO ABOUT IT

WHAT IS BREACH OF CONTRACT & WHAT LANDLORDS CAN DO ABOUT IT

A good example of a breach of contract is when the lease agreement stipulates that no permanent renovations can be made to the property and your current tenant decides they’d much prefer an open plan kitchen and lounge area, so they knock down the wall separating the two. Not only is this a breach of contract, but it’s also a landlord’s worst nightmare. Luckily, a legally binding

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5 STEPS LANDLORDS CAN TAKE AGAINST LATE-PAYING TENANTS

5 STEPS LANDLORDS CAN TAKE AGAINST LATE-PAYING TENANTS

The global pandemic has left some in a financially challenging position. The current economic circumstances have affected many jobs and weighed heavily on people’s income. Some landlords may find themselves in a predicament where their tenant is no longer able to pay monthly rent. However, landlords cannot simply evict their tenant as they’re protected by the Prevention of Illegal E

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