Entries by adri

My tenant hasn’t paid his rent – now what?

The constitution guarantees every person living in South Africa the right to a roof over their head – even if they have not paid the rent. In other words, you cannot evict someone for failing to pay the rent. You can, however, cancel the lease agreement if the tenant is in breach, eg. by not […]

The importance of a good lease agreement

  Attention to detail is the name of the game when it comes to drawing up a lease agreement. A good lease agreement that satisfies the many legal requirements is invaluable in successfully renting out your property. The lease agreement is the foundation of the agreement between owner and tenant. If there is ever a […]

The Security Deposit

So you have a new tenant, they pay a month’s deposit and you pop it in your regular current account. When they move out, you fix what they’ve broken, deduct the costs from the security deposit and pay back what’s left. Simple, right? Wrong! The handling of security deposits is one of the most frequent sources […]

Choosing the right tenant – your best time investment ever

In the first of a series about the nuts & bolts of successfully renting out your property, we look at why tenant profiling is so important and how to read between the lines of a tenant profile. We’ve all heard nightmare stories about delinquent tenants, but there are many steps you can take to mitigate […]

Properties that offer ‘walkability’ command a premium

The advent of the Gautrain has seen prices of apartments in the Rosebank area increase by at least 200% since 2010. This is in keeping with a global demand for properties that offer of “walkability” – the ability to get around without a car, says Berry Everitt, CEO of Chas Everitt International property group. “Areas […]

SA consumers resort to revolving credit to afford the basics

If the first six months of 2016 are anything to go by, property owners should ensure that they have done all their homework to secure their rental income. Like getting Rentmaster to take care of it all. As South Africans are becoming increasingly indebted, a growing percentage of income goes to servicing that debt, thereby […]

Worsening economic conditions impact on rental payments

There is now no doubt that the economic conditions have deteriorated to a point where we can expect an increasingly risky time ahead for the rental industry. The pointers are clear: Non-, partial and late payment trends are all up according to the latest TPN Rental Monitor (ww.tpn.co.za) Tenants in good standing are down 2.8% […]