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This professional rental contract is specifically provided for car or truck parking. It provides practical questions about the parking infrastructure on the ground and how the park is operated. Features: guarantor; Determining pauses Rent review options Allocation and sublease options Draft agreement on the deposit of security deposits. Commercial tenancy contracts in South Africa, where the tenant is a natural or legal person with an asset or annual turnover of less than R2 million per year, are included in the Consumer Protection Act (CPA) – as well as housing leases. If a company`s annual turnover or assets exceed R2 million, the commercial lease is not a cpa. A commercial lease is a lease agreement used for the lease of a commercial property. Completing a commercial tenancy form gives the tenant the legal right to use the property to operate any type of business for an agreed rent payment. ☐ This contract and the denied premises do NOT include the tenant`s use of common parts of the property. The term „common space” refers to all surfaces and improvements to the property that are not rented or leased to tenants. A modified gross lease is a hybrid between a gross lease and a net lease. In a modified gross tenancy agreement, operating costs are negotiated and divided between the landlord and the tenant.

Typically, the tenant is responsible for the basic rent and the CAM, and the landlord is responsible for property taxes and non-life insurance. Sometimes the tenant does not pay the basic rent until the beginning of the lease and then starts paying part of the operating costs later in the lease. B) extension communication. The possibility of renewing this lease in accordance with subsection A is exercised by written notification to the lessor no later than days before the termination date. If this is not communicated in writing within the specified time frame, this option will shut down and expire. ☐ landlord accepts that for the duration of the agreement, the tenant has the right to store personal property at his or her own risk in the storage facility description. The landlord is not responsible for the loss, theft or damage of objects that are stored by the tenant. C) Kidnapping and restoration. All property that has not been withdrawn at the end of the period is considered abandoned by the tenant and may be withheld or discarded by the landlord.

The tenant shall not withdraw leasehold improvements or non-commercial facilities and, at the end of the tenancy agreement established by this contract, he cannot remove the denied premises in the state in which the denied premises were to be on the opening date, except for normal wear and tear and damage caused by the fire or other insured victims. In a full or gross lease, the rental price includes all operating costs. Operating costs or potential property taxes are already included in the base rent. However, the lessor may expressly reserve the right to apply future increases in operating costs to the tenant.

Net Lease ☐ landlord grants the tenant the non-exclusive right to use, like all other tenants or occupants of the property, the common area of the property. The term „common space” refers to all surfaces and improvements to the property that are not rented or leased to tenants. The Common Area is subject to the exclusive control and management of the lessor at all times, and the lessor has from time to time the right to change the sizes, locations, shapes and arrangements of the common space; Limit parking by tenants and other tenants to designated areas to do and carry out such other acts in and in the common space and to adopt, modify and enforce these rules and requirements, as the lessor deems appropriate at his sole discretion.