Epping Property

Industrial Property Specialists

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Lease Contracts

Lease Contracts and Lease Renewals form significant obligations (operationally, contractually, and financially speaking) to those companies and individuals entering into such agreements in South Africa. They need to be managed correctly as there could be significant consequences if not done so.

Lease Contracts

Need to be correctly and professionally drawn up to reflect the wishes of all parties.
Need to be managed for the duration of the Lease Agreement to make sure all aspects are carried out.

Lease Renewals

Need to be clearly defined in the original rental agreement.
Usually, need to be acted upon before the termination of the original lease agreement.

Lease Contracts

30 Factors that one should be considering BEFORE one enters into a lease contract for industrial premises:

  1. Precisely what is being rented? Factory/ Warehouse, offices, yard areas, etc
  2. Also, are there any areas shared with other users? (e.g., Shared yard areas).
  3. Rentable area of premises. The most commonly used formula is the SAPOA Method of Measuring Floor Areas.
  4. The exact use of the premises and facilities.
  5. Date of Occupation of the Premises.
  6. Lease start date.
  7. The period of Lease.
  8. Lease End Date.
  9. Annual rental escalation.
  10. Deposit required.
  11. Renewal period and terms & date to be complied with for Renewal to be Valid.
  12. Initial Rental. (Excl. Vat)
  13. What other initial costs are to be paid by the Tenant? (e.g., Security, Operating Costs).
  14. Including how/ when these costs escalate.
  15. How are consumption charges (e.g., Electricity, Water, Sewerage, etc.) calculated and billed?
  16. Suretyships (if applicable).
  17. Any individual/ additional requirements requested by the Tenant?
  18. Tenant’s legal entity to prepare all FICA documentation required by Landlord.
  19. Also, the Tenant will likely be needed to consent to a credit check by the agent or the landlord.
  20. Resolutions when companies or trusts are legal entities.
  21. What are the Lease/ Administration costs charged for drawing up the contract?
  22. Power requirements?
  23. Height/ stacking and racking requirements.
  24. Fire regulation compliance (e.g., Sprinkler systems, etc.).
  25. Insurances.
  26. Loading, parking, paving, and turning circle requirements. (e.g. turning circles for interlink trucks are essential).
  27. Flooring and lighting.
  28. Importantly, staff facilities.
  29. Also, the timing of a move from previous premises.
  30. Finally, cleaning up of former facilities.

Epping Property can assist landlords and tenants with Lease Contracts and Lease Renewals.

Also, we can help draft contracts with clauses that are fair to both parties and take into account all the latest laws and regulations.

Epping Property goes through each lease and highlights the relevant clauses. Most notably, specific terms often seem innocuous but “come back to bite one” in the future.

Mob: +27 76 111 0000

Tel: +27 21 531 0026

E-mail: info@eppingproperty.co.za

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Articles & Documents

  • What to expect from the Industrial Property Market in 2024
  • Steps to Take to Modernise Industrial Buildings
  • The Benefits of Covered Loading for a Warehouse in Cape Town
  • Why Industrial Property remains a good source of cash flow
  • Why Owners should modernise their Industrial Buildings
SAPOA

Testimonials

Tafelberg Furnishers

Following a fire at our Epping factory, we decided to reconfigure the business differently and sell the Epping property. Epping Property secured us an excellent transaction to a solid purchaser. We would highly recommend Epping Property as experienced, trustworthy industrial property dealmakers.

Management, Tafelberg Furnishers

Epping Property
2020-01-16T16:01:19+02:00

Management, Tafelberg Furnishers

Following a fire at our Epping factory, we decided to reconfigure the business differently and sell the Epping property. Epping Property secured us an excellent transaction to a solid purchaser. We would highly recommend Epping Property as experienced, trustworthy industrial property dealmakers.
https://www.eppingproperty.co.za/testimonials/management-tafelberg-furnishers/

AVI Ltd

During November we were a little stuck in finding an appropriate warehouse to relocate to. Epping Property did an extensive search in all the central industrial areas. They eventually found our suitable premises and negotiated a deal that both ourselves and the landlord were very happy with.

Management, AVI Ltd

Epping Property
2017-05-08T11:48:22+02:00

Management, AVI Ltd

During November we were a little stuck in finding an appropriate warehouse to relocate to. Epping Property did an extensive search in all the central industrial areas. They eventually found our suitable premises and negotiated a deal that both ourselves and the landlord were very happy with.
https://www.eppingproperty.co.za/testimonials/management-avi-ltd/

Growthpoint Properties

Epping Property reliably assists us in keeping our portfolio in the Central Industrial areas of Cape Town tenanted with good, solid businesses. We can highly recommend anyone looking to rent or to buy property in Epping to deal with the experienced Epping Property team.

Management, Growthpoint Properties

Epping Property
2017-05-08T11:48:51+02:00

Management, Growthpoint Properties

Epping Property reliably assists us in keeping our portfolio in the Central Industrial areas of Cape Town tenanted with good, solid businesses. We can highly recommend anyone looking to rent or to buy property in Epping to deal with the experienced Epping Property team.
https://www.eppingproperty.co.za/testimonials/director-edge-properties/

Truworths Limited

We are exceptionally happy with the purchase of both 22 and 26 Bertie Avenue in Epping. It makes 100% sense for our company to have secured this location. We will now be expanding the warehousing and distribution side of our business onto the properties. Thank you.

Management, Truworths Limited

Epping Property
2017-05-08T11:49:17+02:00

Management, Truworths Limited

We are exceptionally happy with the purchase of both 22 and 26 Bertie Avenue in Epping. It makes 100% sense for our company to have secured this location. We will now be expanding the warehousing and distribution side of our business onto the properties. Thank you.
https://www.eppingproperty.co.za/testimonials/management-truworths-limited/
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