Prevention is better than cure

Like a marriage, a lease agreement is always entered into with the best of intention. Unfortunately intentions aren’t always honorable. Even the best landlords have to deal with late or unpaid rent, and even good tenants may sometimes be late with rent payment

An example of good intention not being honored would be a tenant whose personal circumstances necessitate him wanting to vacate the property before the contract allows him/her to do so. The Tenant is protected by the Consumer Protection Act, which allows him/her to give cancellation notice, prior to the lease expiring even though he signed a lease agreement for a fixed period. Another is rent that is paid late by the tenant because they forgot to pay or because of a busy schedule. In another scenario the Landlord’s positive intention to renovate and attend to necessary repairs as agreed upon in the lease may be hampered by insufficient funds.

The best way to deal with rental issues is to prevent them from happening in the first place. Through the combination of Realty1’s ground breaking electronic payment collection system developed in conjunction with one of South Africa’s leading banks and using the most comprehensive tenant feasibility analysis the landlord’s and tenant’s risk is managed through the most revolutionary systems to date.  The Realty1 payment systems provide risk management and peace of mind to landlords while tenants save time, money and protect their credit profile.

With all the horror rental stories you have to ask yourself the question: “If both the landlord and the tenant both enter the contract with the intention of honoring their rights and responsibilities in terms of the contract, what is there that can go wrong? Collaboration between Landlord and Tenant can exist where both parties derive mutual benefit and satisfaction.

Eunanda Fourie is an attorney, notary and conveyance with the firm EUNANDA FOURIE INC, and is involved with properties and related industries on a daily basis.

The Realt1 team will be at Riverside mall on Saturday, 8 October to give

the public more details in regards with the Realty 1 Rental Revolution.

For more information on the Realty 1 Rental Revolution

please visit www.realtylowveld.co.za

You can also call White River office: 013 751 3841,

Nelspruit: 013 752 7135 or the

Barberton office: 013 712 4534,

to speak to any of the rental agents