8
Sep
2021
0

99 Year Lease Agreement South Africa

/
/

While this agreement is also enforceable vis-à-vis third parties and the tenant has the right to use and enjoy the property as he wishes, this agreement depends on the time and, at the end of the rental period, all rights to the property are returned to the owner. However, in particular, the rights of the holder of a mortgage obligation on the inheritance tax are subject to the condition of continuation of the rental agreement. If the corresponding underlying lease is terminated for any reason (whether by agreement between the landowner and the holder of the right of succession or by delay or bankruptcy of the holder of the right of succession or under the law), the guarantee guaranteed by the deposit effectively disappears. Similarly, the rights of a subtenant are subject to the continuation of the head rental contract.

   Send article as PDF