LEASE OF IMMOVABLE PROPERTY

1 LEASE OF IMMOVABLE PROPERTY (Apartment/Townhouse/House)Compi led by:The Estate Agency Affairs Board115 West Street, Sandown, Bag X10, Benmore 2010. Tel (011) 883-7700 Fax (011) 883-5655 Revised - 20011A: HouseErf no _____ together with the dwelling and outbuildings thereon and situate at (street address) _____ in the township of _____ clauses printed in this document have been approved by the Estate Agency Affairs Board. Thedocument may be copied for general use but no copy may indicate Board approval unless the originaldocument as approved by the Board is reproduced in document is suitable for the letting and hiring of houses, townhouses and flats used for document regulates the relationship between lessor and lessee and is not intended to deal fully withthe rights and duties as between lessor and estate agent.

2 Not sign this document unless(a)you understand the meaning of all the clauses;(b)it contains all the terms and conditions on which you are willing to let/hire;(c)you understand your rights and duties under the Rental Housing Act 50 of 1999 and anyregulations under the Act that apply to you;(d)all blank spaces have been correctly filled in, or have otherwise been deleted; and(e)you understand your obligations regarding payment of estate agent s commission and havemade sure that once this document has been signed you will not be responsible for payment ofcommission to more than one estate agent. LEASE Lessor s name _____of (address) s name _____of (address) this agreement the following words have the meanings given to them Premises( Delete either A or B as applicable)2B: Flat / TownhouseFlat/Townhouse no _____ in the building known as_____ situate at (street address) _____in the township of _____including (if applicable) the garden and yard of the flat/townhouse and the followingexclusive use Garage no bay No (specify) _____together with such furniture and other household effects (if any) as are listed in the inventoryattached RentalThe amount referred to in clause , increased from time to time in terms of clause (ifapplicable).

3 If clause 5C applies the Rental is the amount stated in clause AgentThe firm _____trading as_____of (address) ____ amount referred to in clause , together with all interest that has accrued thereon over thelease The person referred to in clause including such person s authorised The person referred to in clause including such person s authorised ActThe Rental Housing Act 50 of 1999, including any regulations made under section 15(1)(f) of theAct in so far as such regulations apply to this AND HIRING AND DUTY TO COMPLY WITH THE Premises are hereby let and hired subject to the terms and conditions contained inthis agreement and the provisions of the Act. Lessor and Lessee must comply with the duties imposed on them by the provisionsof the Act.

4 3A: Fixed period LEASE starts on (date) _____ and expires at midnight on (date) _____B: Fixed period, thereafter terminable by LEASE starts on (date) and can be terminated by _____ calendar months written notice, given by either party on or before thelast business day preceding the month in which it is intended the LEASE will notice may not be given by either party to expire before(date)_____C. Fixed period with option to The LEASE starts on (date) _____ and expires at midnight on (date)_____( the expiry date ). The Lessee has the option to renew thelease for a further period of months ( the renewal period ), commencing on thefirst day after the expiry date, on the same terms and conditions contained in thisagreement: Provided that the Lessee must exercise this option by giving written notice to the Lessor on or before (date) _____ failing which the option will lapse.

5 The rental payable during the renewal period will be R _____ (in words:_____ Rands) permonth, subject to any increase referred to in clause (Delete if not applicable) Rental is R_____( in words:_____ Rands) per month, subject to Rental will be increased by % ( percent) per year,compounded, from the first day of _____ each must be paid monthly in advance on the first day of each month, without any deduction orset-off, at the offices of the Estate Agent or such other address as the Lessor in writing PERIOD(Choose either A, B, C or D below and then delete those not chosen)4D: No fixed period - LEASE terminable by The LEASE starts on (date) _____ and can be terminated by _____ calendar months written notice, given by either party on or before the lastbusiness day preceding the month in which it is intended the LEASE will Lessee must immediately after the Lessor has signed this Agreement pay a deposit of R (in words.)

6 Rands) to the Estate Agentto be kept in trust until termination of the earned on the Deposit while kept in trust accrues to the termination of the LEASE the Deposit will be dealt with as follows: Lessor may use the Deposit and all interest earned thereon to pay all amounts forwhich the Lessee is liable under this agreement, including unpaid electricity andtelephone accounts, arrear Rental and the cost of repairing damage to the Premisesand/or replacing lost keys. The balance of the Deposit (if any) will be refunded to theLessee within the time limits stipulated in the no amounts are due and owing by the Lessee to the Lessor in terms of this agreement,the Deposit and all interest earned thereon will be refunded to the Lessee within sevendays after expiry of the PAYMENTS BY Lessee must on demand pay to the Lessor cost of revenue stamps to be affixed to this agreement in terms of the Stamp DutyAct 77 of 1968; legal costs, as between attorney and client, incurred by the Lessor in taking legalsteps against the Lessee to enforce any of the Lessee s obligations in terms of thisagreement and/or the Act.

7 On each amount not paid by the Lessee on due date, calculated at the rate of4% above the prime rate charged by the Lessor s Lessee must promptly pay the municipality or other relevant service provider the followingcharges and/or fees levied in respect of the Premises over the LEASE period (except insofar as anysuch charge or fee is included in any levy payable by the Lessor in terms of clause 9) charges for electricity (including electricity service charges), water and gas (if any)consumed on the Premises; refuse removal fees; sewerage and sanitary fees; charges arising out of any telephone service installed on the Premises; other fees payable to the municipality in respect of services rendered to the Lessee fails to pay any of these amounts, the Lessor may make the necessary payment andthe amount/s so paid will then be due and owing by the Lessee to the the date of signature of this agreement by the Lessor, the sum total of the municipal rates andtaxes and/or levy payable by the Lessor to the relevant local authority, body corporate, share blockcompany or home owners association in respect of the Premises is R _____(in words_____Rands) permonth inclusive of VAT.

8 Should the municipal rates and taxes and/or levy be increased at anytime during the LEASE period, the Lessor may recover from the Lessee the amount of such increase(VAT inclusive), monthly as from the date of the increase up to the termination of the LEASE . Thisamount will be due and owing by the Lessee to the Lessor after it has been paid by the Lessor tothe local authority, body corporate, share block company and/or home owners : If there is not a separate meter for electricity, water and gas (if any) consumed onthe Premises, the Lessor and Lessee should conclude a specific agreement to cover theLessee s liability for a contribution towards the costs of such consumption. S GOODS ON THE PREMISESAll goods brought onto the Premises by the Lessee at the beginning of or during the LEASE period remain on the Premises as security for all rent or other payments for which the Lessee isliable in terms of this agreement, and no such goods may be removed by the Lessee withoutthe written consent of the Lessor; at the sole risk of the Lessee and the Lessor has no responsibility relating OF RATES AND TAXES AND LEVIESThe Lessor must pay all rates and taxes and/or levies payable in respect of the AGAINST SUBLETTING AND PARTING WITH POSSESSIONThe Lessee may not any rights or assign any obligations under the LEASE ; the Premises or any portion thereof.

9 With possession of the Premises or any portion thereof without the Lessor s prior written consent which, in the case of clauses and , may not beunreasonably Lessor must make the Premises available to the Lessee not later than the date when thelease the Premises are available for occupation on the date when the LEASE starts but the Lesseedoes not move in, the Lessor may immediately cancel this agreement without notice and holdthe Lessee liable for any loss of rental or other losses suffered by the Lessor. This clause doesnot apply if the parties have agreed in writing that the Lessee will not move in on the said the Lessee cannot occupy the Premises because they have been materially damaged by fire,earthquakes, weatherstorms, riot activity or the like and the Lessor not within 30 days of the date of the damage informed the Lessee in writing thatthe LEASE will continue, the LEASE is deemed to have been cancelled on the date that6the damage occurred and the Lessor must then refund to the Lessee all rental paid inadvance beyond the date of such damage.

10 Within 30 days of the date of the damage informed the Lessee in writing that thelease will continue, the Lessor must restore the Premises to a habitable condition assoon as possible and the rental will be adjusted to allow for the period during which theLessee could not be in The Lessee may not without first obtaining the Lessor s written consent (which may not beunreasonably withheld) the Premises before expiry of the LEASE ; the Premises unoccupied for more than six weeks at a The Premises will be personally occupied by (name):_____ and not more than _____other , MAINTENANCE AND The Lessor and Lessee jointly inspected the Premises before the Lessee moved in and inAnnexure A hereto registered the defects in and damage to the Premises.