Making a lease agreement is a lot easier than you think. You can simply download a template from the internet, fill in the blanks, and print it off. However, there are a few considerations you have to take into account before you start making an agreement on your own. Here are some tips that will help you make your lease agreement in South Africa or anywhere else:
Make sure the template has a space for your name, contact details, and e_mail address. The template should also have space for your signature. You should put these details in order. Your full name is preferred so that it looks more professional. Your e_mail address should be on the signature line, because this is the means by which you will get updates about your lease agreement once it has been finalized.
The agreement should be clearly documented. This is very important as you will want to refer back to it whenever you need to discuss legal matters with your landlord. You can do this by printing out the complete document (this is advisable even if you are just using a notepad to create the agreement). You should also cross_out all the legal terms that are part of it. This will make the document much more legible.
Most lease agreements contain information regarding the length of the lease agreement. The amount of rent is also indicated. However, you can always change this. If you want to, you can indicate three years and indicate forty monthly payments instead.
Include any clause relating to deposits, refunds, and so on. There is no need to include these items unless you wish to. A rental agreement is essentially a contract between you and the landlord. So, it is only right that you include all the necessary stuff in it. In fact, most lease purchase documents are quite similar in content.
The next important section of any lease agreement is the rental clause. This is where you put down your right of occupation. It is good to state clearly your role as well as responsibilities in the property. In addition to this, most lease agreement templates stipulate that the document is to be signed in the presence of a notary public. In the event that you do not have a notary who is available at your place, then you can appoint one at another mutually chosen place.
The next section of the document is the deposit clause. This is where you state the down payment that you will pay the landlord when the lease agreement is executed. You can use a blank check for this purpose. The total amount of the deposit is also indicated in this section. It is important to use the exact amount in the document.
The last portion of any lease agreement is the pay_back time. This is the time given by the landlord to the tenant for the prompt repayment of the rent. Most lease agreement documents specify the exact time and day that the landlord has to get the rent back from the tenant.
The final section of the document is very important. This is the section that deals with the name and address of the parties. You may mention the contact number and address of the party too. The signature section of the document is optional too. You can include your name as the signatory here.
Before executing a lease agreement, you should read the entire provision carefully. There are chances that there might be some terms that are ambiguous. In South Africa, most of the lease agreements are performed orally. It is better to consult a lawyer before executing the lease. A lease agreement template can help you make the provisions that are clear and precise. A template might cost you some money but it is worth paying the extra cost as it is going to save you a lot of future problems.
If you execute the lease agreement correctly, there are chances that you will enjoy many benefits. You must also ensure that you execute the agreement legally. This is because if it is not legal, then there is no way that you can benefit from it. To execute the agreement legally, you need to consult a lawyer who is specialized in the field of property law.
The word South Africa in the template makes the agreement legal. However, this doesn't mean that the agreement has to be exactly worded the way it appears on the template. You should try to customize it to suit your needs. Your lawyer will guide you accordingly.