Rentals by Advance

06/06/2023

When a lease agreement comes to an end, who is responsible for terminating it - the landlord or tenant❓

📬 Between 80 - 40 Business Days before termination, the landlord must notify the tenant, in writing:
〰️ Whether they are offering a renewal or termination on expiry, and
〰️ What the material changes are to the lease agreement if it is automatically continued on a month-to-month basis.

📬 30 Business Days before termination of the lease, the tenant must notify the landlord, in writing:
〰️ Whether they would like the lease to be terminated on expiry, or
〰️ They would like an extension of the lease through: an Addendum or a New Lease Agreement.

👉 Download the 'Lease Termination Timeline PDF' for your office here: https://bit.ly/3OUkZ7q

For more information on this, click here: https://blog.tpn.co.za/2023/06/lease-termination-timeline-guide.html

30/05/2023

The TPN Vacancy Survey Report for 2023 Q1 has just been published! Here are some take-outs for your clients and property investors:

✅ The residential rental market continues to show positive signs of growth with vacancies dropping to 6.19% in Q1 from 8.14 in Q4 - these are levels last seen in 2017!

⬆️ Rental escalations are on the rise and the demand for rental properties continues to improve.

💡 This is a trend that is expected to continue in 2023, but at a slower pace.

👉 For a detailed overview and insights into current residential vacancies per province and rental band, download the Vacancy Survey Report for 2023 Q1 here: https://bit.ly/3oo6u0R

03/05/2023

Latest stats on rental properties! If you need a tenant, reach out to us! Rentals by Advance

Which rental bracket is performing the best in terms of good standing ratio right now? Here is a quick overview for you from the latest TPN Residential Rental Monitor:

➡️ The national average of tenants in good standing is 82.34%.

➡️ The rental bracket between R7 000 and R12 000 had the highest percentage of tenants in good standing, at 88.04%.

➡️ Tenants paying between R12 000 and R25 000 were the second-best paying tenants, with a good standing rate of 87.51%.

➡️ The R3000 - R7000 rental bracket had a good standing ratio of 82.66%.

➡️ Tenants who paid less than R3 000 per month had the highest percentage of non-payment (16.39%) among all rental brackets.

For data local to your city or suburb, download the TPN Investor Report here: https://shop.tpn.co.za/Product/Detail/8660cccb-fbdd-4f3a-b4b5-4082fda2cffd

12/04/2023

Need a tenant for your investment property? We can help!
All our tenants undergo an application and vetting process ensuring that all placements are great investments!
Talk to us today!
Rentals By Advance Team

05/04/2023

2 Bedroom Lock up & Go unit up for rental in Florida Lake! Enquire below: https://www.property24.com/to-rent/florida-lake/roodepoort/gauteng/1577/112378394

03/04/2023

2 Bedroom Lock Up & Go unit up for rental in Roodekrans. Enquire below:
https://www.property24.com/to-rent/roodekrans/roodepoort/gauteng/653/112492438

03/04/2023

Finding the right tenant can be a daunting task! We can help! Reach out to us today to find out more about our management and placement rental options!

30/08/2022

We are often asked whether a landlord can cancel a lease agreement when they sell their property. The simple answer is no. The tenant is protected by the common law principle of "huur-gaat-voor-koop." If the property is sold, the new owner becomes the landlord, and all the terms of the existing lease agreement remain the same. The owner cannot cancel the lease but must wait until the end of the existing lease period. The new owner is also responsible to refund the deposit less any claim for damage.

Having said that there are two exceptions:

• If the lease agreement has a clause that allows the landlord to cancel in certain circumstances like the sale of the property
• If the property sold on auction by the Sheriff of the Court

Visit www.tpn.co.za, call +27 861 876 000 or email [email protected] to find out more about how we can help you.

19/06/2022

Happy Father's Day to all our amazing dads out there! Renting-made-easy

16/01/2020

15/01/2020

We are hiring! Calling all experienced rentals agents. Join our amazing team. Send your cv to [email protected] and we will be in contact to arrange an exclusive interview.