Residential leases
A residential lease is generally concluded between a landlord and an individual tenant or family, providing a place to live for a defined or ongoing period. While the Rental Housing Act sets minimum protections, the written agreement still needs to clearly address the deposit, maintenance responsibilities, house rules and the process for renewal, escalation or termination.
Commercial leases
Commercial leases involve a business tenant — whether a sole proprietor, company or close corporation — and are typically longer in duration and more heavily negotiated. Rental is often linked to floor area, may include a turnover component, and usually carries obligations for signage, use restrictions, maintenance responsibility and reinstatement at the end of the lease term.
What a well-drafted lease should cover
- Rental amount, escalation and payment terms, including deposit and interest on arrears
- Maintenance and repair responsibilities between landlord and tenant
- Use restrictions, sub-letting and assignment rights
- Breach, cancellation and dispute-resolution procedures
- Renewal options and the process for rent review
How we assist
We draft new lease agreements, review agreements presented by the other party before you sign, and advise on disputes that arise during the lease term, including breach, arrears and cancellation.
AJ van Tonder Inc Attorneys