Turning your home or second property into a source of income may sound like a wonderful way to generate a secondary source of revenue or a passive income, but it isn’t always smooth sailing. The residential rental market comes with its own set of obstacles for landlords and ensuring those monthly payments keep coming in […]
Tips For Effective Communication With Tenants
As a landlord or property manager, looking to foster a successful business relationship with tenants, it’s essential to build trust, and this can only be done via open and effective communication. Whenever money, valuables, assets and legalities are involved, tensions can be high and entering into a long term transactional relationship can quickly turn sour […]
The effects of the Consumer Protection Act on notice periods for Agreements of Lease.
Section 5(1)(a) of the Consumer Protection Act No. 68 of 2008 (the “CPA”) states that the CPA applies to every transaction occurring within the Republic of South Africa. The word “transaction” is in turn defined as an agreement between parties for the supply of goods and/or services for consideration. The question which follows is whether […]
How Rental Deposits Should Be Handled
Renting your property can be a rewarding return on investment and making sure your agreements are set out in a way that both parties fully understand their roles and commitments is essential to ensure a smooth relationship between tenants and landlords. One potential pitful that often causes distress in this relationship is how a tenant’s deposit […]
How To Negotiate A Reasonable Rental Increase
As the economy continues to stagnate and inflation continues to raise prices have no choice but to move with the times and unfortunately, as with most things in life, rent goes up each year. Even though the rental market is a multi-billion Rand industry surprisingly, there is no real science or guideline on how to […]
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