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Part C of the NCA, [4] dealing with the various categories of credit agreements, excludes a lease of immovable property from these categories. This means that a credit agreement does not include a lease of immovable property. It also means that the definition of a contract of letting and hiring of immovable property remains the same.
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A rental agreement or lease may include a "rent review" clause which makes provision for the rental amount to be increased, the process for the landlord to provide notice of a rent increase and the options available to the tenant regarding acceptance or rejection of the proposed increase. [3]
South African contract law is "essentially a modernized version of the Roman-Dutch law of contract", [1] and is rooted in canon and Roman laws. In the broadest definition, a contract is an agreement two or more parties enter into with the serious intention of creating a legal obligation. Contract law provides a legal framework within which ...
1. Carrying out some statutory powers or functions of local bodies such as evaluation, levy and collect government taxes, sanctioning building structure permits, removal of encroachments, and carrying on civic services in the industrial parks. 2. Officers are nominated to carry on the duties as per the powers designated by the State Government. 3.
A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract.
Nampak, Africa's largest packaging company, [4] is one of the largest companies to have operations in Epping. Other large companies in Epping Industria are SA Metal Group, Distell Ltd, AVI Ltd and Afrox. The Cape Town Market is one of the oldest and largest fresh produce markets in South Africa. It is over 50 years old and services over 5500 ...
This page was last edited on 1 February 2020, at 21:35 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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