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At Van Deventer & Van Deventer Incorporated, our Cape Town attorneys assist clients across the Western Cape with commercial lease agreements and tenant obligations. Whether you are based in the City Bowl, the Atlantic Seaboard, or the Southern Suburbs, our legal team is here to help.
Being a business owner, running a company, worrying about your overheads, and ensuring you make a profit weighs heavily on the head of every CEO, director, or manager. Entering into commercial lease agreements is an essential component of running a business and must be given due consideration before signing on the dotted line.
The Validity of a Commercial Lease Agreement
A commercial lease agreement is a contract. Once the terms have been reduced to writing, read, understood, and signed by both parties, those terms become legally binding and enforceable. Commercial leases are strictly governed by the terms of the contract entered into between the landlord and the tenant.
Terms to Watch Out For
Key clauses include: duration of the lease, breach clauses, rent escalation clauses, operating costs, maintenance and repair clauses, suretyships, early termination provisions, and penalty clauses.
Conclusion
Entering into a commercial lease agreement is an inevitable step for many businesses in Cape Town, but tenants need to fully understand their rights and obligations before signing. Here at Van Deventer & Van Deventer Inc., we specialise in curating commercial lease agreements and advise Cape Town tenants on exactly what to look out for.
For expert legal advice in Cape Town and across the Western Cape, contact the attorneys at Van Deventer & Van Deventer Incorporated. Our Cape Town office is ready to assist you.