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claim payment of any arrear rental or any other monies due, be it compensation for damages to the premises, or damages arising out of breach of the agreement by the Tenant.cancel this property rental agreement, eject the Tenant and/or any other persons occupying the premises without prejudice of his rights to claim arrear rental.In the event of the rental or any portion thereof not being paid on the due date, or the Tenant failing to meet his obligations under this property rental agreement, or the Tenant surrendering his estate or being sequestrated, provisionally or otherwise, the Landlord shall be entitled to by written notice require the Tenant to comply with the specific obligation which he has failed to meet within 14 (FOURTEEN) days after receiving the said written notice by hand or within 14 (FOURTEEN) days after the sending thereof per registered mail, and should the Tenant still fail to comply with such obligations the Landlord shall be entitled to:.Tenant to pay a late payment charge of _ if rent is not received within five days after the due date to cover collection fees and/or additional administration fees and Tenant to pay an amount of _for each rent check returned for insufficient funds and thereafter pay rent by cash or cashier's check.Or directly into the following bank account: Rental shall be paid monthly in advance on or before the first day of the month, without any deduction whatsoever at the following address:.The said monthly rental is escalated annually at a rate of _% ( _ percent) of the monthly rental for the previous year.The rental includes an amount payable for rates and taxes/levies in respect of the Premises to the local authority / body corporate / share block company / home owner's association concerned which will be payable by the Landlord.The monthly rental for the premises for the initial period is an amount of _ (in words: _ ).For the purposes of this property rental agreement a month shall be construed to be a calendar month.After the initial period of the lease this property rental agreement may be cancelled by either the Landlord or the Tenant by giving one month written notice.The lease shall be automatically renewed after the initial term on a month to month basis under the same conditions.Īcknowledgement by Tenant: _.
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THE PARTIES TO THIS PROPERTY RENTAL AGREEMENT ARE:.