Property Rental

3 Tips & Tools to De-Stress Month-End by Managing the Exit Process Better with Clearly Explained Expectations and Consistent, Clear, Comprehensive Communication for the Exiting Tenant/s and the Landlord/s

How often do you have to run around under pressure at month-end getting cleaners and contractors in at short notice to get a vacated property up to standard for a new tenant to move in the next day? And then (to top it all off!) you still have to deal with deposit disbursement disputes over […]

Property Rental

Rental Best Practices: Processing Rental Applications PROFESSIONALLY

Many rental mandates contain a clause like the following . . . “The Agent cannot be held liable to the Landlord (provided that the Tenant has been correctly screened and placed by the Agent) for any liabilities, such as the Tenant not paying Rental, vacating the Premises before the Lease Agreement expires, and the like.” […]

Property Rental

Residential Rentals RoundUp #8 | Research & Survey both Reveal Serious Concerns About Rent Payments & 50% Member Discount on Selected Training & DocPacks

Number of Job Losses Grows as South African Consumers Feel the Pinch of COVID-19 The number of consumers who have lost their jobs has increased sharply since the beginning of April, according to newly released research from TransUnion. 44% of all consumers who are concerned about paying their bills report that they will not be able to […]

Property Rental

Guidelines for Agents, Landlords & Tenants with respect to Moving, Ingoing & Outgoing Inspections during Lockdown level 4

I know there are differing legal opinions with regard to whether rental agents are permitted to carry out ingoing and outgoing inspections it terms of the State of Disaster Level regulations. I’m not going to be weighing into that debate as it’s ‘above my pay grade’ (literally and figuratively!) . . . Business Owners, Managers […]

Property Rental

Residential Rentals RoundUp #7 | How do we go forward with tenants that cannot pay? See which debtors are at risk for non-payment in May, and more . . .

TPN COVID-19 Update: Lockdown Level 4 SSLR Inc. have made a submission to government on behalf of the property industry, specifically to provide clarity on when tenants may move house dependent on the lockdown level. They expect feedback by noon on Tuesday the 28th of April. TPN Blog – 27 Apr, 2020 What does Level 4 […]

Property Rental

Rental Applications in Process: To Re-Assess or Not? What is the purpose?

The question of whether or not to re-assess rental applications ‘in process’ and/or approved prior to Lockdown has been put to me, and variations of it have been asked on various social media platforms, a few times recently, which isn’t surprising given the new paradigm of Rentals Un-usual . . . This question does not […]

Property Rental

WHAT DOES LEVEL 4 OF LOCKDOWN MEAN FOR THE REAL ESTATE SECTOR? By Marlon Shevelew

Property owners, tenants, and estate agents have been prevented from going about their normal day to day operations. The lockdown regulations promulgated in terms of the Disaster Management Act 57 of 2002 have prevented people from relocating, and conducting ongoing and outgoing inspections. According to the Draft Framework, commercial real estate services will be allowed […]

Property Rental

LEVEL 5 LOCKDOWN LEARNING SPECIALS FOR RENTAL AGENTS DUE TO EXPIRE SOON!

Here are my AMAZING Lockdown Learning Specials for Rental Agents – these are special Level 5 discounts and due to expire as soon as we enter Level 4! Online Training (Individual Access): Rental Applications 102 Sale! R299.00 R149.00 (ex VAT) Add to basket Rental Applications 102 Document Pack Sale! R299.00 R149.00 (ex VAT) Add to […]

Property Rental Uncategorized

Property Rentals: LockDown Level 4 Update

Today there was a briefing in which the government to clarified the classification of industries for reopening of economy – in particular the transition to Level 4 of Lockdown. Here is the full video of the press conference . . . . but don’t worry, I’ve summarised the pertinent information for you in the post […]

Property Rental

PROPERTY RENTALS & THE EASING OF LOCKDOWN

Given the information at our disposal at this point, it would seem as if residential property rental services will not be resuming for a while. it’s my understanding that Real Estate Services will only be allowed to resume at Level 1, based on the information I have seen so far. This has some serious implications: […]

Property Rental

RLFG#1: “To Evict or Not to Evict?” with Elize le Roux from Expello

I had the most amazing chat with Elize le Roux, MD of Xpello, to get her views on this question . . . Elize shared a lot of very useful – and, more importantly, PRACTICAL – advice and insights on this extremely pertinent topic. Some of the highlights . . . the importance of following […]

Property Rental

Residential Rentals RoundUp #7 | TransUnion Survey Results, IEASA FREE Webinars & Re-Inventing Rentals with Online Meetings & Appointments

79% of South African Consumers Say Household Income Negatively Impacted by COVID-19 Almost eight in 10 South Africans (79%) said their household income has been negatively impacted by the COVID-19 pandemic. The newly released research from TransUnion (NYSE: TRU) found that an additional 7% of South African adults said they expect that their household income will suffer […]

Property Rental

Rentals Lockdown To Do – Post #3 | Rentals Month-End – Lockdown Style

Step #1: Reminder I think that , given the mostly unusual circumstances we find ourselves in, a gentle reminder to tenants would be only fair – including (even if it’s a repeat) an explanation of why you are obliged to still follow your usual arrear management procedure and carry out the required actions. It’s important […]

Property Rental

Rentals in Lockdown #7 (Mar/Apr 2020) | Rent Arrears & Deferment / Repayment Agreements

In a previous post I set out my thoughts on the best way to deal with the Mar / Apr 2020 month-end under Lockdown. Here’s the post if you haven’t read it yet: Rentals in Lockdown #5 (Mar/Apr 2020) | Rentals Month-End – Lockdown Style In Step #5 of that post I spoke about negotiating […]

Property Rental

Rentals in Lockdown #6 (Mar/Apr 2020) | Early Lease Cancellation – Lockdown Style

You can listen to the audio version here: Section 14 of the Consumer Protection Act (CPA) permits Tenant/s in a Fixed Term Lease to cancel their lease at ANY time during the fixed term period by simply giving the Landlord 20 business days notice of early termination. Subsections 14(1) and 14(2) of the Consumer Protection […]

Property Rental

Can You or Can’t You Use the Deposit During the Term of the Lease Agreement, with the agreement of both parties?

I think it’s common knowledge that the Rental Housing Act, requires that the tenant/s deposit be invested in an interest bearing account in terms of the RHA. To be specific, in subsection 5(3) the RHA states as follows: (c) the landlord may require a tenant, before moving into the dwelling, to pay a deposit which, […]

Property Rental

Rentals Lockdown To Do – Post #1 | Setting Up Your Communication Channels for Landlords and Tenants – as well as future Landlord Clients

We’re in VERY uncertain times and uncharted territory, with more questions than answers & high stress levels – this is to be expected. One thing we need to remember in times like this is that, “This time too shall pass” and the only approach that will see us all coming out the other side sane […]

Property Rental

Rentals Lockdown To Do – Post #2 | Communicating with Landlords re Month-End & Arrears Management

We are all acutely aware of the concerns many Landlords have regarding rent payments this month and sensitive to the reality that these concerns may be causing additional stress for Landlords in these very uncertain times. In my opinion the best way for your to prioritise what you do and to communicate with Landlords regularly […]

Property Rental

Residential Rentals RoundUp #4 | A Summary of the Latest Information on Residential Property Rentals During Lockdown

Here’s a summary of Rentals/COVID-19 related information that I believe is useful, informative and will hopefully assist you and save you from having to wade through all the ‘clutter’. TPN CreditBureau – COVID-19 Update on Business Days There were two fundamentally important updates that occurred in the first week of national lockdown. The National Credit […]

Property Rental

Residential Rentals RoundUp #5 | Answers to Lockdown Rental Questions, WEBINAR: COVID-19: Rights and Advice for Rental Agents, Online POPI Training & Financial Relief for Companies & Individuals

Here’s a summary of Rentals/COVID-19 related information that I believe is useful, informative and will hopefully assist you and save you from having to wade through all the ‘clutter’. Lockdown means rent need not be paid until tenant moves in after April 16 The first of the month is traditionally when people move into their […]

Property Rental

Residential Rentals RoundUp #6 | How Not to Jeopardise Your Landlord/s Entitlement to a Cancellation Penalty, Rent Arrears Repayment Agreements in Uncertainty and more . . .

First Indications of Tenant Payment Statistics for April 2020 24.16% of tenants listed as Did Not Pay for April Early April data shows a deterioration of 3.94% of tenants who paid on time in these first 7 days of this month.  Source: TPN Blog Early Lease Cancellation – Lockdown Style ARE YOU JEOPARDISING YOUR LANDLORD […]

Property Rental

Residential Rentals RoundUp #3 | How to Deal with Rent & Levies, Lockdown Do’s & Don’ts, Lockdown for Landlords Q&A, Community Scheme Measures During Lockdown & Emergency Repairs & Other Relevant Info

Never in my wildest dreams did I ever imagine I’d be putting together a daily blog post, but it just goes to show – we never know what’s going to happen. Anyway, here’s a summary of rentals/COVID-19 related information that I believe is useful, informative and will hopefully assist you and save you from having […]

Property Rental

Residential Rentals RoundUp #2 | Residential Property Rentals, COVID-19 & the 21-day ‘Lockdown’

Today has been an extraordinary day – one unlike I think any of us have experienced before – not only the uncertainty about the 21 day lockdown, but, unfortunately, some (opportunistic?) people also spreading fake or untrue information. So, to help you sift through it all I’ve decided to put together a summary for you […]

Property Rental

Residential Rentals RoundUp #1 | Free Rentals Webinars, Payment Allocation by a Landlord & Rentals & COVID-19

To help you stay up to date with Residential Rentals News & information I have decided to put together a weekly summary of informative articles and information from the web pertaining to residential property rentals. To read the specific articles, or access the original post / information, simply click on the hyper-linked title. This week’s […]