EFTA00282830.pdf

Page 1 of 12 GREEFF Greeff Rentals Greeff House, 59 Doordrift Road, Constantia, 7806 PO Box 231, Constantia, 7848 t. 021 794 1295 I f. 021 794 8796 R E N TA L S e. [email protected] LEASE REFERENCE: LC AGREEMENT OF LEASE Between THE LANDLORD 1. 1 11C Ke11-ti kon401 , inAsE ID/Registration 2. ID/Registration No: rep/eV/1W10‘1 6 7/////1.4 jaCeihrl:e Ret/fra THE TENANT 1. r EfipA Mae/ ID/Registration Nc.== 2. ID/Registration No: occaPyay (Via/lig : lihttiolgs nide/ Ma Wulff Coulson r4 11111 As well as Garage No: IL4 (XI Parking Bay No: IV//T The following payments are to be paid into the GREEFF RENTALS bank account on signature of this lease agreement. Deposit 1z 00000. 0 0 Lease fee it 6S- 0 • O 0 TOTAL DUE if ,20 ‘S - 0•00 Rent due prior to occupation and to be paid into the GREEFF RENTALS bank account. Pro-rata Rental Alb Monthly Rental a 10 0o° 00 TOTAL DUE 210000.0 Vet.: JAN 2017 LANDLORD AND TENANT INITIAL Ab ki EFTA00282830  Page 2 of 12 Rental payments for the months of ApJ MO" • to be paid directly to GREEFF RENTALS. GREEFF RENTALS BANKING DETAILS ACCOUNT HOLDER: Full Sail 1146 CC t/a GREEFF RENTALS BANK NAME: ABSA BRANCH CODE: Heerengracht - 506009 ACCOUNT NUMBER: 4052755451 REFERENCE: LC 11(.) tS 1. In this Agreement, the words below mean the following and words in singular shall include the plural and vice versa, and words referring to masculine shall include feminine, if the circumstances require it: 1.1 Address means the Premises as referred to 1.2 'the building' means the building, outbuilding(s), swimming pool (if applicable), and other improvements which form part of the Premises; 1.3 The Landlord' as referred to on page one. 1.4 The Tenant' as referred to on page one. 1.5 'The Date' is the date referred to in clause 5. 1.6 'The Period' is the period as referred to in clause 5. 1.7 'GREEFF RENTALS' means Full Sail 1146 cc T/A GREEFF RENTALS of GREEFF HOUSE, 59 Doordrift Road, Constantia, 7806. VAT no. 426 019 2143, Reg no. 2000/055176/23 1.8 'this Agreement' means this Lease between the LANDLORD and TENANT together with its annexures; 1.9 'business day' means any day of the week, excluding Sundays and public holidays; 1.10 'month' means a calendar month; 1.11 'the rent' means the rental that the TENANT must pay the LANDLORD for renting the Premises; 1.12 'the deposit' means the money that the TENANT must pay to the AGENT before the TENANT moves into the Premises and which the Agent/LANDLORD will hold as security until the end of the Lease Period; 1.13 'VAT' means Value Added Tax at 14%. 2. THE LEASE The LANDLORD hereby lets to the TENANT, who hereby hires, the Premises on the terms and conditions contained herein. Vey IAN 2017 I ANDLORD AND TENANT INITIAL EFTA00282831  Page 3 of 12 3. THE DEPOSIT 3.1 On signature the TENANT must pay the Deposit of R a 6 OO GO to GREEFF RENTALS. GREEFF RENTALS will place the Deposit in an interest bearing Trust account, the interest accruing for the benefit of the TENANT less the banking administration fee. 3.2 As and when the monthly rental payment increases in accordance with this agreement, the amount of the deposit shall automatically increase in the same proportion to the increase in the rental as stipulated in clause 4.2, which deposit shall be due and payable on or before the first day of the month following the month in which the increased monthly rental amount is payable. 3.3 The Deposit, together with the interest, will be refunded to the TENANT as soon as possible after the termination of the lease and not later than 14 (fourteen) days after the restoration of the premises. The LANDLORD or his AGENT may apply the Deposit towards the payment of any outstanding amounts for which the TENANT is liable under the Lease agreement including the reasonable cost of repairing damage caused to the PREMISES during the lease period and vacating thereof. Such amounts shall include, but not be limited to, arrear rental, unpaid utility and telephone accounts, the cost of repairing damage to the Premises, the cost of professionally cleaning the PREMISES, replacing lost keys, remote controls. 3.4 The deposit may not be utilised by the TENANT as payment for the last two months or any other rental due to the LANDLORD in the terms of this Agreement, without the prior written consent of the LANDLORD in which case the TENANT shall immediately re-instate the full deposit. 3.5 Should a dispute arise between the LANDLORD and the TENANT about the LANDLORD'S claims against the Damages Deposit, GREEFF RENTALS shall retain the deposit in Trust until the dispute is resolved either by agreement between the LANDLORD and TENANT or by order of a competent Court or the Rental Housing Tribunal. 4. MONTHLY RENTAL 4.1 The monthly Rental payable by the TENANT to the LANDLORD for the first 12 (twelve) months of the lease period shall be the sum of R /0 OC, el • 00 per month without deduction or set off. 4.2 The monthly Rental shall increase by 8% (Eight Percent, after each 12 (twelve) month period. 4.3 The TENANT must pay the Rental on or before the first day of every month and if any bank charges are payable in respect of such payment, this will be for the account of the Tenant. 4.4 If the TENANT pays the Rental or any other amount in cash, the TENANT shall be liable for an additional 6 % cash-handling fee, which shall be paid together with the rental. 4.5 Any payment of rental received after the 41^ (fourth) day of the month for which the rental is due, shall be subject to an automatic surcharge of 10 (ten) percent of the month rental, to cover collection and additional administration costs. The TENANT hereby acknowledges this surcharge to be fair and reasonable and undertakes to pay such surcharge to GREEFF RENTALS. Should such surcharge not be paid, the Lessee agrees to the deduction of same from the deposit. TENANT initial \C Vet: lAN 2O17 LANDLORD AND TENANT INITIAL EFTA00282832  Page 4 of 12 5. THE LEASE PERIOD 5.1.1 This Lease shall commence on 131 A Pr tI 2 OR at 12 noon and terminate on 311a Matekt a01? 5.1.2 If the period in 5.1.1 exceeds 24 months, the Consumer Protection Act requires proof of demonstrable benefit to the TENANT in the extended period of the lease. The benefits for the TENANT in the extended lease are the following: . (delete if not applicable) TENANT initial 5.1.3 The lease shall terminate on the date mentioned in 5.1.1 and the LANDLORD/AGENT shall send a notice to the TENANT advising him of the termination. This notice will be sent not more than 80 (eighty) and not less than 40 (forty) business days before the Lease Period terminates. AGREED RENEWAUEXTENSION 5.1.4 In the notice referred to in clause 5.1.3, the LANDLORD/AGENT shall inform the TENANT if the lease agreement may be renewed or extended. 5.1.5 In the case of a renewal as per clause 5.1.4, the LANDLORD/AGENT must include in the notice all such amended terms that will form part of the renewed or extended lease agreement. 5.1.6 The TENANT must then advise the LANDLORD/AGENT that he wishes to extend or renew the lease on the new terms (as per clause 5.1.5), or that he wishes to terminate the agreement. MONTH-TO-MONTH AUTOMATIC RENEWAL 5.1.7 If the Lease is not cancelled by either the LANDLORD or the TENANT and the notice of termination (as referred to in 5.1.3) did not terminate the lease, then the Lease will continue automatically on a month to month basis. In this event, either the LANDLORD or the TENANT must give the other party 1 (one) months' notice to end the Lease; and in the notice referred to in clause 5.1.3, the LANDLORD shall inform the TENANT of all the amended terms that will form part of the lease agreement in the month-to-month renewal period. CANCELLATION - LANDLORD - AS PER CONSUMER PROTECTION ACT IF APPLICABLE 5.1.8 The LANDLORD shall be entitled to cancel this fixed term Lease if the TENANT breaches any provision of this Agreement, fails to pay the rental or any other amount that is due, by giving 20 (twenty) business days notice to the TENANT to remedy the breach. If the TENANT fails to remedy the reach in this 20 (twenty) business days notice period, the lease will be deemed to be cancelled. Any breach that occurs more than once in a lease period Is deemed to be material and thereby entitles the LANDLORD to cancel the lease with immediate effect Ver: JAN 2017 IANDLORD AND TENANT INITIAL EFTA00282833  Page 5 of 3.2 In the event that the LEASE is cancelled due to breach of contract by the TENANT, then the TENANT will be liable for: 5.1.8.1 The LANDLORD'S attorney's fees on an attorney and own client scale, together with interest and collection commission; and 5.1.8.2 Rental payments until such time that a replacement TENANT is found; 5.1.8.3 as well as the Letting agents' commission on the unexpired portion of the lease agreement. CANCELLATION — TENANT — AS PER CONSUMER PROTECTION ACT IF APPLICABLE 5.1.9 The TENANT shall be entitled to cancel this fixed term lease at any time during the Lease Period by giving 20 (twenty) business days notice in writing to the LANDLORD. If the TENANT cancels the lease before the termination date, then the LANDLORD shall charge a penalty equal to 2 (two) months' rental. If the LANDLORD finds a new TENANT to take occupation within the two month penalty period after the TENANT gave the cancellation notice, then the penalty will be decreased accordingly by each calendar month. The TENANT will also be liable for: 5.1.9.1 the Letting agents' commission on the unexpired portion of the lease agreement. Such amounts to be deducted from the deposit. The TENANT agrees that this penalty is reasonable. TENANT initial ittA 6. ELECTRICITY, WATER, MUNICIPAL AND OTHER CHARGES S 6.1 The TENANT is liable to pay for welef. electricity, geer eewerager refese-FOR401 4/,81-4014-all-ether-otility —charges, including any increases in these amounts that relates to the Premises. 6.2 If the LANDLORD paid any such expenses in the place of the TENANT, the TENANT must immediately refund that amount to the LANDLORD/GREEFF RENTALS, upon receipt of statement to be sent. 6.3 The TENANT shall further be liable for the following charges (if applicable): 6.3.1 cost of the telephone connection and line; 6.3.2 DSTV subscription; 6.3.3 alarm/security response subscriptions; and 6.3.4 I•3 one 044" 7. PURPOSE FOR WHICH THE PREMISES ARE LET 7.1 The TENANT shall use the Premises for residential purposes only. 7.2 The number of persons permanently residing at the Premises shall not exceed 711/ee ). Vo•• IAN 7017 LANDLORD AND TENANT INITIAL EFTA00282834  Page 6 of 12 8. TENANT'S OBLIGATIONS THE TENANT MUST: 8.1.1 keep and maintain the items listed in 8.1.2 and 8.1.3 in good order and condition. If any repairs are required to be attended to as a result of the negligence or the fault of the TENANT, then costs of these repairs will be for the account of the TENANT, otherwise the LANDLORD will be liable therefore. 8.1.2 All fixtures and fittings; 8.1.3 all equipment and appliances, locks, keys, door handles, windows (glass, catches and fittings), doors, light bulbs, fluorescent tubes. 8.2 maintain and keep the pool (if any), garden, yard and grounds in good condition, which includes that the TENANT shall care for and maintain and water the garden and keep all lawns properly cut, hedges trimmed, bushes, shrubs, etc. pruned and sprayed in the appropriate season; 8.3 keep the premises in a neat, tidy and clean condition; 8.4 Prevent blockage of all gutters, sewerage, water pipes or drains in or connected with the Premises and, in the event of such blockage, affect the necessary repairs. If the blockage was caused as a result of the negligence or fault of the TENANT, the costs of repairs will be for the TENANT'S account, otherwise the LANDLORD will be liable therefore; 8.5 keep all carpets, tiles and other floor coverings clean; and upon vacation of the premises have the carpets professionally cleaned. 8.6 return and deliver the premises to the LANDLORD in good order and condition on termination of the lease; less fair wear and tear. 8.7 Should the TENANT have pets the TENANT agrees to have the property fumigated upon vacation of the premises. 8.8 The TENANT agrees to abide by the rules set down by the Body Corporate or Home Owners Association whichever applicable. THE TENANT MAY NOT: 8.9 cut or remove trees or plants or effect any alterations to the garden without the LANDLORD'S consent; 8.10 mark or paint or drive nails into or affix screws or hooks into or in any way deface the walls, floors, ceilings or any part of the Premises without the prior written consent of the LANDLORD; 8.11 hang out any articles of washing, clothing or linen on any window, patio or balcony of the Premises other than in the place set aside for this purpose; 8.12 make over any of his rights or obligations under this lease to a third party; 8.13 sublet or permit anyone else to occupy the Premises or part thereof; 8.14 allow refuse to remain on or outside the Premises except in the place that has been provided therefore; 8.15 do anything or permit anything to be done on the Premises which may be a nuisance or annoyance to neighbours or which interferes with their comfort; 8.16 keep pets of any kind on the premises without the prior written consent of the Landlord; 8.17 Keep or do in or about the Premises anything which is liable to Increase the risks against which the Premises are insured, to the extent that such insurance is rendered void or voidable or the premiums of such insurance will be increased. Ver: JAN 2017 lANDLORD AND TENANT INITIAL X EFTA00282835  Page 7 of 12 8.18 paint the inside or outside of the Premises without the prior written consent of the Landlord; 8.19 Do, permit or allow anything to be done on or to the Premises which may, in any way, cause injury, harm or damage to the Premises, including the contents, fixtures or fittings. equipment and apparatus. 9. ALTERATIONS AND ADDITIONS TO PREMISES 9.1 It is expressly recorded that the TENANT may not make any alterations or additions whatsoever to the Premises without the prior written consent of the LANDLORD. If the LANDLORD consents in writing to any such alteration or addition to the Premises, the LANDLORD may nonetheless , on termination of the Lease agreement, require the TENANT to restore the Premises, at the TENANT'S expense, to the same condition as it was in prior to such alteration or addition. 9.2 It is expressly recorded that the TENANT shall have no claim of whatsoever nature for any Improvements, alterations or additions effected by the TENANT to the PREMISES, whether such improvements were effected with, or without the LANDLORD'S consent. TENANT initial g 9.3 The TENANT furthermore hereby expressly waives and abandons any improvement lien (right to remain on the property in order to claim payment for the value of the improvements made to the property) that he/she may have In respect of any alterations and additions made to the PREMISES, and expressly acknowledges that he/she shall have no right to occupy the property pending the outcome of any legal or other dispute that may arise betwptjn the parties in respect of any alleged Improvement lien. TENANT initial 10. RIGHTS AND OBLIGATIONS OF THE LANDLORD: THE LANDLORD 10.1 is liable for, and shall carry the cost for, any major structural repairs which may from time to time be required to maintain the Premises; as well as for repairs that may be required in respect of the roof of the dwelling and any outbuildings on the Premises; 10.2 ensuring that there are no payments outstanding or owing to any local or other authority in respect of rates and taxes, refuse removal, sewerage charges, electricity, water or gas, or to any Homeowner 's Association / Body Corporate in respect of any levies. 10.3 may, at any time enter the Premises or appoint workmen to enter the Premises on giving notice of 24 (twenty four) hours to the Tenant, to inspect the property or to do and carry out lawful business and repairs therein; Contractors to be given reasonable access during business hours if necessary to carry out any repairs needed. 10.4 may, upon the termination of this Lease, have the carpets cleaned by a professional carpet cleaning company if the TENANT did not clean the carpets to the satisfaction of the LANDLORD fair wear and tear excepted. Any additional cleaning required shall be for the TENANT'S account, which cost shall be reasonable. Ver: JAN 2017 LANDLORD AND TENANT INITIAL EFTA00282836  Page 8 of 12 11. INSPECTION AND CONDITION OF PREMISES 11.1 Tho TENANT and the LANDLORD shall jointly, before the TENANT moves into the Premises, inspect the Premises to ascertain the existence or otherwise of any defects or damages therein with a view to determining the LANDLORD'S responsibility for rectifying any defects or damages, and if not, to record any such defects or damages within 7 days. The list of damages shall be attached hereto as ANNEXURE A. 11.2 Notwithstanding the recording of the defects in ANNEXURE A, no obligation shall rest on the LANDLORD or GREEFF RENTALS to affect any repairs if this was not specifically agreed upon at the signing of this agreement. 11.3 At the expiry of the Lease, the LANDLORD and the TENANT shall arrange a joint inspection of the Premises at a mutually convenient time with a view to ascertaining whether there has been any damage caused to the Premises during the TENANT'S occupation. 11.4 Failure by the LANDLORD to inspect the Premises in the presence of the TENANT as contemplated in Clause 11.1 and 11.3 is deemed to be an acknowledgment by the LANDLORD that the Premises are in good order and proper state of repair, and the LANDLORD will have no further claim against the TENANT for damages. The LANDLORD must then refund the full deposit plus interest thereon to the Tenant, in terms of Clause 3.2. 11.5 Should the TENANT fail to respond to the LANDLORD'S request for an inspection as contemplated above, the LANDLORD shall, on termination of the Lease, inspect the dwelling within 7 (seven) days from such termination in order to ascertain any damages or losses which occurred during the tenancy. Without detracting from any other right or remedy which the LANDLORD may have, the LANDLORD may deduct from the TENANT'S deposit and interest (if any), the reasonable repair of costs to effect repairs, as contemplated in Clause 3.3. The balance of the Deposit and interest (if any), will thereafter be refunded to the TENANT by the LANDLORD, not later than 14 (fourteen) days after the repairs have been effected. 12. "FOR SALE" AND "TO LET" In the event that the LANDLORD decides to sell or re-let the PREMISES: 12.1 The TENANT shall give the LANDLORD or his AGENT, access to the PREMISES at all reasonable times on 24 (twenty four) hours notice, which notice may be given by telephone or in writing at the LANDLORD or AGENTS discretion, to do show houses and for the purposes of showing prospective CLIENTS/TENANTS the PREMISES during the last 3 (three) months of the fixed period and of any Renewal periods. 12.2 The LANDLORD shall during the last 3 (three) months of the fixed period and of any Renewal Periods, be entitled to affix a To Let or For Sale notice. 12.3 It is hereby agreed that, should the LANDLORD sell this property to the TENANT during the currency of this Lease Agreement, or any Renewal thereof, GREEFF RENTALS shall be deemed to have been the effective cause of the sale and the LANDLORD/SELLER shall be liable to pay brokerage of 4% plus VAT to GREEFF PROPERTIES. 13. BREACH See clause 5.1.8, 5.1.9 Ver: IAN 2017 IANDLORD AND TENANT INITIAL X EFTA00282837  Page 9 of 12 14. LIABILITY OF THE PARTIES 14.1 The parties cannot sue each other for any loss, damage or injury which they suffer unless: 14.1.1 the Party being sued was grossly negligent; or 14.1.2 the Party being sued has breached the provisions of the CPA and/or the Rental TENANT initial )( 4 using Act. 15. PART OR WHOLE DESTRUCTION OF THE PREMISES 15.1 If the Premises are destroyed or so damaged that it can no longer be beneficially occupied, or so that the TENANT'S use of the Premises is substantially impaired, and the LANDLORD cannot repair the damages within a period of 30 (thirty) days after the destruction, then this lease shall terminate. 15.2 If the Premises are partially destroyed or damaged, but not to the extent that occupation cannot occur then the TENANT shall enjoy a reduction of rent In proportion to the extent to which he is deprived of use and beneficial occupation of the Premises until the partial destruction thereof is remedied. The LANDLORD shall at his cost, reinstate the Premises as quickly as is reasonably possible in the circumstances, provided that if the Premises are not reinstated within 30 (thirty) days of such damage or destruction taking place, this Lease shall terminate. 16. ADDRESS FOR THE SENDING/DELIVERY OF NOTICES AND LEGAL DOCUMENTS 16.1 The TENANT chooses the address of the Premises and the email address specified by the TENANT as his/her address where all notices and legal documents can be served on him/her (his domicilium citandi et executandt). 16.2 The LANDLORD chooses the below address as the address of the Premises as his/her address as well as the email address specified, where all notices and legal documents can be served on him/her (his domicilium citandi et executandi). All 4> on, sick V flit ti Illoterm f iptdekkrel ??-OO 16.3 Any notices and legal documents served on the TENANT or LANDLORD at their chosen domicilium effendi et executandi during normal business hours shall be deemed to have been received on the date of such delivery. 16.4 All notices shall be effective upon (i) receipt by the party to which the notice is given, or (ii) on the 5u' (fifth) day following mailing, whichever occurs first. 16.5 All notices, requests, claims, demands and other communications between the parties shall be in writing and shall be given (I) by delivery person or (ii) by nationally recognised next day courier service (iii) by registered mail or (iv) by facsimile or by (v) electronic email to the address that the party has specified. 17. AGENTS MANAGEMENT STRUCTURE: 17.1 UNMANAGED LEASE It is recorded that the LANDLORD has appointed GREEFF RENTALS as the AGENT only to screen and select a TENANT, who in their opinion, is suitable and qualified and has given instructions to draw the Lease agreement. After occupation the LANDLORD shall instruct the TENANT in regard to the rental payments and administrative functions for the property, GREEFF RENTALS will not be involved in any administration or rental collections. All correspondence between the PARTIES will be addressed directly to the TENANT and/or LANDLORD respectively and GREEFF RENTALS will not be involved in the Lease administration and rental collections In any way whatsoever. Should a dispute arise between the LANDLORD and TENANT, this will be resolved between the LANDLORD and TENANT without any involvement by GREEFF RENTALS. VE`r: JAN 7017 tANDLORD AND TENANT INITIAL EFTA00282838  Page 10 of 12 17.1.1 If the full agent's fee for the initial period or any renewal thereof is not paid by the due date GREEFF RENTALS has the right to request the TENANT to pay rental directly into the account of GREEFF RENTALS where after the balance will be paid to the LANDLORD. Payments made to the LANDLORD must be made into the following bank account LANDLORD ACCOUNT DETAILS ACCOUNT HOLDER: 31C- Vet 1-140/10(A Trtat BANK NAME: %.1- ol €4/4 %O.1k BRANCH CODE: 0 ACCOUNT NUM REFERENCE: LANDLORD AND TENANT INITIAL 17.2 MANAGED LEASE LANDLORD hereby authorises and instructs GREEFF RENTALS to act as the LANDL ' AGEN ' accordance with the Mandate/Management Agreement entered i een the LANDLORD an EEFF RENTALS. All payments must be paid into 16Gring bank account: Account Holder Full C t/a GREEFF RENTALS Bank ABSA Heeren rack - 506009 Account no Ref LANDLORD AND TENANT INITIAL 18. GENERAL 18.1 No changes to the Lease will be valid unless the LANDLORD and TENANT agree in writing and sign these changes. 18.2 The LANDLORD and TENANT agree that the Lease contains all the terms that have been agreed to between them, and that they are understood. 18.3 No relaxation, indulgence or grace which the LANDLORD may give at any time to the TENANT with regard to his fulfilling his obligations under this Lease, will prejudice or be a waiver of the LANDLORD'S rights to demand prompt and timely performance of the TENANT'S obligations performance in terms of this agreement. 19. COSTS OF AGREEMENT GREEFF RENTALS costs, for preparing this agreement of lease and attending to the signature thereof are for the account of the TENANT. Agreement fee is R 6 go • 0 0 (VAT inclusive). 7rr JAN 7017 I ANDLORD AND TENANT INITIAL EFTA00282839  Page 3.3. of 12 20. SPECIAL CONDITIONS: The LANDLORD and TENANT further agree to the following: QPAALAXA lAky.C4 L a -I-tie ict,uAloodS IV/Jim ccAni • IV O ?ids () )14/fo Siviab;i 4-L Qiicrithot. Ten444-s b ado{ £ (way Cc, poalt emics oui hTict 9PrIACI • LANDLORD AND TENANT INITIAL 21. COUNTERPARTS CLAUSE This Agreement may be executed in two or more counterparts, each of which together shall be deemed an original, but all of which together shall constitute one and the same instrument. In the event that any signature Is delivered by facsimile transmission or by e-mail delivery of a ".pdf' format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or ".pdf' signature page were an original thereof. 22. AGREEMENT OF LEASE AND OR ADDENDUMS This Agreement of Lease and/or any Addendums shall be regarded as one document. It shall be read together as one, and shall be signed by both parties, received electronically or otherwise, as being an original document. Ver: JAN 2017 LANDLORD AND TENANT INITIAL EFTA00282840  Page 12 of 12 ACKNOWLEDGEMENT In a fixed term lease agreement when the; LANDLORD is a natural person and the TENANT is a natural person then; Consumer LJ Protection Act including section 14 thereof applies. LANDLORD a juristic person (no matter the LANDLORD'S turnover/asset value) and the TENANT is a natural person, Consumer Protection Act including section 14 thereof applies. LANDLORD is a natural person and the TENANT is a juristic person with an asset value or annual turnover BELOW R 2 million at the time of entering into the lease then; Consumer Protection Act applies but NOT section 14 thereof. The Consumer Protection Act does NOT apply if: The TENANT is a juristic person with an asset value or annual turnover above R2 million. The LANDLORD and the TENANT acknowledge that they have read and understood the content of the lease agreement, and that all queries relating thereto have been raised with and explained by a representative of GREEFF RENTALS. SIGNED BY LANDLORD at on 2017 LANDLORD LANDLORD (or duly authorised representative) (or duly authorised representative) PRINT NAME PRINT NAME SIGNED BY TENANT at Vella on cO I \--cergC et 2017 TENANT TENANT (or duly authorised representative) (or duly authorised representative) letRA ELLS PRINT NAME PRINT NAME NEGOTIATED BY on behalf of GREEFF RENTALS. GREEFF RENTALS (On behalf of and duly authorised) EFTA00282841