Скачать или смотреть Early Lease Cancellations & Penalties Explained

In this episode [239/2], Bruno Miguel Simao of Bruno Simao Attorneys and Nicholas Brodie of SBL Incorporated discuss Refunds, new tenants & the CPA.

In this scenario, a tenant gives early notice and pays rent up to 30 November, but moves out before month-end. The agent then finds a new tenant who wants to move in before 30 November.

So what now?

Do you charge the new tenant immediately?

Should the old tenant receive a refund?

Can a cancellation penalty still apply if there’s no financial loss?

In this video, we unpack:

How monthly advance rental payments and rights of occupation work

Why landlords must be careful not to infringe on a tenant’s paid occupation period

When a pro-rata refund may be appropriate

How Section 14 of the Consumer Protection Act applies to early cancellations

What a “reasonable cancellation penalty” really means

Why re-letting the property early can eliminate the justification for penalties

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Panel of experts

Bruno Miguel Simão of Bruno Simão Attorneys
https://www.brunosimaolaw.co.za/
(011) 234 0831
[email protected]

Nicholas Brodie of SBL Incorporated
https://www.sbllaw.co.za/
086-100 7757
[email protected]

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