rental guide for tenants and landlords - re/max midlands · • mnet/dstv/sabc whom to notify...

Rental Guidefor Tenants

and Landlords

Rental Guidefor Tenants and Landlords

RE/MAX Midlands

196 Chapel Street, Pietermaritzburg 3200Republic of South Africa

First Edition

Copyright © RE/MAX Midlands 2003

Published by Internet Clinic CC - www internetclinic.org

All rights reserved. No part of this publication may be reproduced, in any form or by any means, electronic,mechanical, photocopying, recording or otherwise, without the prior permission of the publishers.

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other than that in which it is published and without a similar condition including this condition being imposed on thesubsequent purchaser.

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RE/MAX Midlands Rental Department196 Chapel Street, Pietermaritzburg 3200P.O. Box 1182, Pietermaritzburg 3200South Africa

Phone: 033 - 345 8256 (intl: +27 - 33 - 345 8256)Fax: 033 - 394 0411 (intl: +27 - 33 - 394 0411)Web: www.RemaxMidlands.co.za

http://www.internetclinic.org

http://www.remaxmidlands.co.za

Rental Guide A Word About Navigation

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Rental Guide Contents

RE/MAX Midlands Online

Contents

Iv

A Word About Navigation .........................................................Contents .................................................................................Preface ...................................................................................

Topics:

1. Clauses in Lease Agreement ...............................................

• Notice Periods .................................................................• Rental Payments and Rental Increases .............................• Inspections ......................................................................• Rental Deposits ...............................................................• Lease Fee And Receiver of Revenue Duties ......................

2. Whom to Notify before Moving? ...........................................

3. Frequent Problems Experienced by Tenants ........................

4. RE/MAX Assistance for Tenants ..........................................

5. RE/MAX Assistance for Landlords .......................................

6. Why Should You Use RE/MAX Assistance in Renting? .........

Please click on the page number to view a given topic

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Rental Guide

5 RE/MAX Midlands Online

Preface

You might prefer to rent a flat or property rather than buying it - for differentreasons:

• You are undecided regarding your future plans

• You have been relocated temporarily by your employer

• You are not financially ready to buy a home

• You are single and prefer renting

• You are studying or undergoing internship training

• You are a businessman on the run

• You have personal reasons

Whatever your reason might be, you definitely have your preferences regardingthe size of the property, its utilities, rental payments, location etc. RE/MAX RentalDepartment has a range of properties and flats to suit personal and financial needsof tenants. Also, if you are a landlord, we can find a perfect tenant for you.

Our Rental Guide explains crucial issues concerning rental and gives you tipson common problems experienced by tenants. Whether you are a tenant or alandlord, the guide will help you in negotiations and preparing the correct LeaseAgreement.

Preface


Rental Guide


Clauses inLease Agreement

Clauses in Lease Agreement

1. Notice Periods

• Notice must be in writing.

• Notice must be a full calendar month.

• No notice may be given before termination of the period stated in the LeaseAgreement.

• The same notice period rules apply to the landlord.

• If the lease is broken, a R500.00 penalty fee will be charged to the tenant.

• It is only by mutual agreement that the lease can be cancelled prior to thetermination date.

2. Rental Payments and Rental Increases

• The first month rental must be paid in full before occupation takes place.

• The rental is due on the first day of every month, payable a month in advance.

• Interest of 2% per month and an administration charge of R75.00 will becharged on overdue rental.

• During the initial lease period there will be no rental increase unless there isan increase in Municipal rates or levies (if applicable).

• At the discretion of the landlord, rentals may be escalated on a yearly basis orat the end of the initial lease period.

• A full calendar month notice must be given before a rental increase can beimplemented.

• There is a R75.00 charge for RD cheques.


Rental Guide


Clauses in Lease Agreement

3. Inspections

• Prior to occupation, a joint inspection between the tenant and the inspectormust be performed. This is to determine any defects or damage to the property.A written record of this inspection is taken, and is signed by the inspector andthe tenant. A copy of the inspection is attached to the Lease Agreement.

• If a joint inspection is not done, then the recorded inspection will be seen asfree of any defects or damages.

4. Rental Deposits

• The deposit is usually equivalent to one month rental and is payable beforeoccupation.

• The deposit is held in our trust account.

• Once you have vacated the property and a final inspection has been conducted,you will be repaid your deposit - after deductions have been made for anyrepairs that may be required.

• Before the deposit is refunded, we require proof from the Municipality thatall electricity, water, and refuse removal charges have been paid.

• The deposit may not be used as the last month's rental.

• The deposit will be refunded within 7 days of expiration of the lease shouldthere be no defects or amounts owing.

• Should there be defects or amounts owning, your deposit will be refundedwithin 14 days of restoration of the property.

5. Lease Fee And Receiver of Revenue Duties

• Lease fee of R100.00 is payable once the Lease Agreement is signed.

• Stamp duty is payable once the Lease Agreement has been signed.


Rental Guide


Whom to Notifybefore Moving?

Don't forget to notify the followingpeople and service providers beforeyou move:

• Family and friends• Doctor/dentist/optician• Paper/magazine deliveries• Receiver of Revenue• Accounts and accountant• Schools• Postal services• Department of the Interior (ID Book)• Bank and building societies• Lawyer• Minister• Sporting clubs• Insurance company• Voters roll• Automobile Association• Telkom• Municipality• Medical Aid• Employer• MNet/DSTV/SABC

Whom to Notify before Moving?


Rental Guide


Frequent Problems Experienced by Tenants

Frequent ProblemsExperiencedby Tenants

After moving in, tenants might experience different and sometimes annoyingproblems. The table below list the most common predicaments and solutions tothem:

Question:

• Our geyser or water pipers haveburst...

• Our toilet is blocked oroverflowing...

• We have electrical problems...

Question:

We have a burglary or anattempted break-in...

Question:

We have lost keys or locks for theproperty...

Answer:

During weekdays between 07:30 -17:00, contact our offices. Duringweekends, after hours and onpublic holidays, contact a plumberor electrician to attend to theproblem and then contact us firstthing Monday morning.

Answer:

Contact the Police immediatelyand then contact our offices andwe will assist you further.

Answer:

The replacement of these keys orlocks is the tenant's responsibility.

�Continue...


Rental Guide


Question:

We would like to make alterationsto the property (e.g. re-carpeting,painting, removing foliage, fittingsecurity gates etc.)...

Question:

We would like to erect a satellitedish or an aerial...

Question:

Who pays the monitoring andarmed response fees for alarmsystem?

Question:

Who is responsible for themaintenance of the garden andpool? (if applicable)

Question:

How do we connect electricity andtelephones?

Answer:

Contact our office prior to doingany alterations, in order that wecan get permission from thelandlord.

Answer:

Contact our offices prior to doingso and we will, in turn, contact theowner and the body corporate (ifapplicable).

Answer:

These costs are for the tenant'saccount.

Answer:

This is the tenant's responsibility.Please bear in mind that you maynot remove foliage without firstcontacting our offices.

Answer:

This is the responsibility of thetenant. However, we will assistwhere possible.

Frequent Problems Experienced by Tenants


Rental Guide


RE/MAX Assistance for Tenants

RE/MAX Assistancefor Tenants

Are you looking for a home torent?

We offer a wide selection ofhouses, simplexes, duplexes,flats, townhouses and otherproperties ranging in price,size, location, facilities andcharacter.

Regardless of your personaland financial circumstances,we will find a suitable place for you.

As part of our service, and in accordance with government legislation, we assisttenants in the following ways:

• Lease negotiation and completion including revenue stamps.

• Retaining deposit in an interest bearing account.

• Collection of monthly rental.

• Maintenance of property.

• Property inspections according to legislation.

• Liaison with landlord.

• Electricity connection documentation.

• Other administrative services where necessary.


Rental Guide


RE/MAX Assistance for Landlords

RE/MAX Assistancefor Landlords

Do you have a property that we can rent on your behalf to selected a tenant?

We understand that you, the owner of the property, will at all times make theultimate decisions regarding tenant selection, lease terms and maintenance. Theseare responsibilities that come with property ownership.

On the other hand we undertake to keep you informed on rental trends, to act onyour instructions with regard to any of the above and to attend to all mattersrelating to the agents obligations.

As part of our service, and in accordance with government legislation, we assistlandlords in the following ways:

• Rental valuation of your property.

• Location of suitable tenant.

• Lease negotiation and completion including revenue stamps.

• Property inspections according to legislation.

• Collecting and retaining a deposit.

• Collection of monthly rental.

• Disbursement of rental monies advice.

• Maintenance of property.

• Liaison with tenant.

• Other administrative services where necessary.


Rental Guide


Why RE/MAXAssistancein Renting?

For peace of mind...

Whether you are a landlord or tenant, you will benefit from our wide range ofquality choices and supportive services.

Our databases of available homes to let and prospective tenants are extensive.Also, we network with other agencies in the area. A few hundred lease agreementsare signed every month thanks to RE/MAX.

We save you time, money and all possible problems when it comes to rental.The table below lists benefits of our assistance for landlords and tenants:

Why Should You Use RE/MAX Assistance in Renting?

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Rental Guide




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Rental Guide




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RE/MAX Midlands Rental Department196 Chapel Street, Pietermaritzburg 3200P.O. Box 1182, Pietermaritzburg 3200South Africa

Phone: 033 - 345 8256 (intl: +27 - 33 - 345 8256)Fax: 033 - 394 0411 (intl: +27 - 33 - 394 0411)Web: www.RemaxMidlands.co.za



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