I can post a PDF of one of my lease agreements, but don't see a way of posting this here - only pictures.
Perhaps PM rpm or ic - perphaps one of the mods can too.
Then e-mail it to them and and it can be added as an attachment in your post.
Hey everyone....
PLEASE ADVISE!!!
So to cut a long story (a little shorter) We have been renting a property for 3 years - with a few things that were promised to us in the begining that we never got but were able to live without. Our existing agreement expires 31 Jan '08 and a few months back I requested a renewal for a further 1 year. This was all done via email and fax as we rent directly from the owner who has since moved to the U.K and is never available. Anyway we were given the new contract and once hubby and I had read through it and had a think bout things we have changed our minds as we are not prepared/able to pay the increase that is due. We let the owner know on Friday that we are no longer renewing the contract (nothing has been signed yet for the new period)
The owner has not accepted this and is seeking legal advice...
What are my rights? The contract states that early termination must be done with a 4 month notice period - however the new contract has not been signed as we do not accept it - but have given 1 month's notice!
Now what?
This is not how the standard lease agreements work - if you terminate before the end of the lease period it would state the notice period and also that you may be liable for longer if they cannot find a tenant ASAP, and it's not a case of being out the premises on the last day of the lease period because the standard contracts automatically roll-over to a short term lease agreement with most of the conditions still binding.
This may be so with some home loans, but I have a bond with ABSA and paid it off well in advance of the term, and there was no penalty payment at all - I can post a statement from this account.Well there's a few contracts that are deemed "standard" floating around really. I should've worded it better.
Point is:
If she wanted to terminate the contract, 4 months notice had to be given
Because the contract expires, they don't need to give notice (as per the clause stating they need to vacate the premises)
That's why I said. The landlord was being a dumbass by not providing them with the lease renewal 5 months ago. If he knew the contract expires end of this month he can't expect them to stay on or give him proper notice if he didn't do his part. By just assuming they'll renew the lease he shot himself in the foot. Because legally, according to the contract he made them sign, they can vacate the premises at the end of the term of the contract without having to sign a renewal lease or give him 4 months notice.
It's in his contract. 4 months notice or vacate the premises the last day of the month when it expires.
Maybe I can throw another example at folk here.
You bought a house. You want to settle the house early. You need to give the bank 3 months notice that you're going to settle the house early otherwise you incur additional costs. Same goes for some personal loans and car loans.
However, if you run the term of the loan, you don't incur additional costs and they can't make you give them 3 months notice the month before or during your last payment is being made.
Well there's a few contracts that are deemed "standard" floating around really. I should've worded it better.
Point is:
If she wanted to terminate the contract, 4 months notice had to be given
Because the contract expires, they don't need to give notice (as per the clause stating they need to vacate the premises)
That's why I said. The landlord was being a dumbass by not providing them with the lease renewal 5 months ago. If he knew the contract expires end of this month he can't expect them to stay on or give him proper notice if he didn't do his part. By just assuming they'll renew the lease he shot himself in the foot. Because legally, according to the contract he made them sign, they can vacate the premises at the end of the term of the contract without having to sign a renewal lease or give him 4 months notice.
It's in his contract. 4 months notice or vacate the premises the last day of the month when it expires.
Maybe I can throw another example at folk here.
You bought a house. You want to settle the house early. You need to give the bank 3 months notice that you're going to settle the house early otherwise you incur additional costs. Same goes for some personal loans and car loans.
However, if you run the term of the loan, you don't incur additional costs and they can't make you give them 3 months notice the month before or during your last payment is being made.
Unless the contract was drawn up on a "Fixed lease period, thereafter termination by notice" basis.Thats makes sense. The contract expires naturally, no need for notice to be given because they are not leaving before the contract expires.
however on the next page it states that we must be off the premises by 11:30am on the date that the lease expires.
I also see that the deposit was not in an interest bearing account - *****. Already put down a deposit on the new place!
One problem with this advice is that it can get the OP black listed.Just move out and tell him to give you your deposit back. You will fight this in court if push comes to shove... they like scaring people...
And an agent is not much better - depending who you choose
Word of warning : DON'T do Just Letting. Just do a search on here to see how many people battled to get their deposits back. Also check the complaints at www.hellopeter.com.
I used to rent my place through them and they're just as bad to both tenant/landlord.
Also be very careful about admitting liability for rates and taxes. I don't know about anywhere else in the country, but in Jozi the owner and not the tenant is responsible to the city for these. The responsibility of the tenant is only for electricity and water.
I'm part of a property syndicate and this is true on all of our properties.
On all of our leases, if either party does not renew/cancel prior to the expiry of the lease, the agreement automatically reverts to a month to month basis. According to our legal advice at the time, this had to be specifically stated in the contract or we, as lessors, would be taking a hit if anything went wrong.
My properties are let through and agent and it's been easy going - the agent and their lease agreement acts in the interests of both parties (lessor and lessee), but I have heard bad reports about Just Letting - it seems that they are only looking after the lessor.