• All measurements in South Africa are metric. metres, kilometres, square metres, hectares, etc.

1. Leasing Property

• Rentals  for industrial and commercial property in South Africa are quoted in Rands per square metre per month (VAT is charged on business rentals - current rate - 14%).

• Rentals on commercial property leases normally escalate annually.

• A verbal lease can be upheld under south African law.

2. Purchasing Property

To be valid a fixed property sale agreement must be in writing and include the following:

• The agreement must be in writing.

• If there are no suspensive conditions in the agreement the agreement can be upheld. There is no opportunity for either party to back out of the sale.

It is normal to include other conditions such as:

• Responsibility of costs, commissions and fees.

• Date of possession of property, 

• A voetstoets clause ("as it stands") 

• Conditions regarding zonings, rental income, addresses of parties, etc.

There are numerous other technicalities.
For a full prospectus E-mail us with your requirements.