When can a landlord increase rent in South Africa?

When can a landlord increase rent in South Africa?

Yes, if the lease includes the rate of increase of rent per year (generally about 10% per year is considered reasonable) then it is legal. You must give the tenant at least 2 months written notice of your intention to increase the rent (see Regulation 6(4) of the Unfair Practices Regulations).

Can you increase rent after 6 months?

If you have a fixed-term contract such as an Assured Shorthold Tenancy running for a set period – usually between six months and year – then your landlord cannot increase the rent without your agreement. If you refuse the rent rise, the landlord can only raise the rent after the fixed term period has ended.

Is caravan rental a good investment?

Caravan ownership is a lifestyle investment Owning a static caravan is not only a great financial investment but a brilliant lifestyle investment too, as it can have a hugely positive effect on your mental well-being.

What is the rent increase for 2020 in South Africa?

Average rental growth dropped from 3.2% in the first quarter of 2020 to 1.6% in the second quarter, 1.5% in in the third quarter, and just 0.2% in the fourth quarter. “Affordability remains an important consideration for consumers in general, but specifically among tenants.

How often can you increase rent in a caravan park?

Rental providers of caravan parks, residential parks and rooming houses cannot increase rent more than once every 12 months under any type of rental agreement. For fixed-term rental agreements, rent increases can only occur if the rental agreement specifies the amount or method of the rent increase.

How does pitch fee increase at static holiday caravan parks?

Most static holiday caravan agreements contain reference to how the pitch fee will increase annually. It’s important that any increase criteria are clear and concise and written in plain language. The following extract is taken from the BH&HPA & NCC Model Licence Agreement (MLA) and gives an indication to the sort of terms you might encounter:

What’s the market rate for a caravan park?

8.4.5 Market rates for pitch fees. Whilst the MLA has quite a broad scope for pitch fee increase, there are some plus points – sums spent on the park must be for the ‘benefit of caravan owners’ and unlike its predecessor this MLA doesn’t mention ‘any other relevant factor’ has been removed.

Can a caravan be removed from a holiday park?

“This is in accordance with the National Caravan Councils Holiday Park Holiday Home Ownership Code of Practice. When the licence period ends the owner can remove the holiday home from the park and do as they wish with it, or sell the holiday home to a trader who will then remove it from the park.

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