Signing a Commercial Lease? Here Are Four Clauses You Should Negotiate First
If you are a business owner or corporate tenant looking at commercial space in South Africa, chances are the landlord handed you a contract filled with dense legalese and framed as “standard”. Here is the truth: there is no such thing as a standard commercial lease. Unlike renting a home, where the Consumer Protection Act […]
The Competition Commission: Play fair or else
There has been a lot of activity in the commercial sector regarding unfair behaviour according to the Competition Commission. Claims arose that retail giants blocked rivals by means of exclusive mall leases, which essentially impedes competition by preventing smaller operators from entering the market. A complaint also arose that Ster-Kinekor and Nu Metro engaged in market […]
Cancelling a lease agreement early
If you want to end your contract early, this can only be done “in situations where the Consumer Protection Act or Rental Housing Act apply” – or if there’s a clause in the contract that allows for early cancellation, or if both parties agree to it. If, on the other hand, one of the parties […]