Commercial and Consumer Lease Agreements
A lease agreement is a legally binding contract between two parties - the lessor (property owner, landlord or asset owner) and the lessee (tenant or renter) - that outlines the terms and conditions under which one party agrees to rent property, equipment or vehicles owned by another party.
Lease agreements are commonly used for residential properties (such as apartments and houses), commercial spaces (such as offices, warehouses, retail stores shops), as well as for equipment or motor vehicles.
Purpose and Importance
Lease agreements protect the interests of both landlords and tenants by clearly stating the expectations, rights, and duties of each party. They help prevent misunderstandings and disagreements as well as provide a legal framework for resolving disputes
Lease agreements can be a tricky area of business to manage, and one must ensure the following is done very meticulously and with care and detail.
AS Consulting offers the following services that are tailored to our clients’ specific requirements:
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Review of current/older Lease Agreements (residential, commercial, equipment and vehicles) prior to signing the agreement with external third parties
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Drafting of new lease agreements for residential property
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Drafting of new lease agreements for commercial property
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Drafting of new lease agreements for equipment and vehicles
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Providing advice on any challenges a renter or rentee may experience related to any third-party lease agreements
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Assist and advise on tenant evictions, the legal process and the drafting of the documents so that one may pursue the matter further.
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Assist, advise and shortlist the most appropriate legal practitioners (law firms, advocates etc) should the matter be one that may become litigious and one that must be pursued within the South African court system.