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Byline: Thabang Mokopanele
In lease agreements, cut through the jargon and be specific LENGTHY lease agreements filled with legal jargon can be daunting, especially for the hundreds of new tenants joining the letting market each day.
Lauren Maltby of Shepstone & Wylie Attorneys says it is vital that both tenants and landlords understand the key elements upon which a lease is based.
She says the first principle is that the parties entering into the lease must be agreed upon. It is imperative to establish whether the party is an individual, close corporation, company or trust, and then to ensure that such entity is correctly described. This is essential …