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  • Create Date June 18, 2020
  • Last Updated September 13, 2020

Lease Agreement

LEASE AGREEMENT

PARTIES:

................................................................................ (Lessor)

And

............................................................................... (Lessee)

1. Premises to be leased

a. The Lessor leases to the Lessee premises situated at
..........................................................................................
................................................................................. (“the
Premises”).

2. Period of lease

b. The lease of the Premises (“the Lease”) shall commence on
.......................................................................... and shall
continue until otherwise terminated in terms of this Lease
Agreement (“the Agreement”).

3. Rent

c. The monthly rent payable by the Lessee to the Lessor in respect of
the lease shall be ...........................................

d. The rent shall be paid in advance and by the 7th day of each month
into the following banking account
.................................................................... nominated by
the lessor

2. Condition of Premises

a. The Lessee acknowledges that on taking possession of the Premises,
the Premises are in good order and repair.

3. Use of Premises

a. The Premises shall be used by the Lessee for
COMMERCIAL/RESIDENTIAL purposes only.

b. The Lessor does not warrant that the Premises are suitable for the
Lessee's purposes.

4. Alterations, fixtures and fittings

a. The Lessee shall not make any alterations or additions to the
Premises without the prior written consent of the Lessor.

5. Non-liability of Lessor for defects

a. The Lessor shall not be liable to the Lessee for any injury, loss or
damage of any description which the Lessee, or any employee,
agent, or visitor of the Lessee, may sustain at the Premises, even if
sustained by reason of any defect in the Premises or for any act done
or neglect on the part of the Lessor or of any of the Lessor's
employees or agents.

6. Breach

a. If:

i. any rent is not paid on due date; or

ii. the Lessee commits any breach or fails to observe or perform
any of the terms and conditions of this Agreement and
remains in default for a period of fourteen (14) days after the
giving of notice in writing by the Lessor drawing attention to
the breach or omission and requiring it to be remedied;

iii. then the Lessor may immediately cancel this Lease and re-
enter upon and take possession of the Premises, without

prejudice to any claim for damages which the Lessor may
have against the Lessee for any breach of the Lease by the
Lessee.

7. Termination by notice

a. Either Party may terminate this Agreement by giving to the other
Party written notice of at least three (3) months.

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