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 due process, including that all-important Letter of Demand
- the practicalities of lease cancellation & evictions under Lockdown . . . and beyond
- practical considerations – and possible new timeframes to expect – for eviction applications post-Lockdown
- practical alternatives to lease cancellation & evictions
Residential Rentals RoundUp #7 | TransUnion Survey Results, IEASA FREE Webinars & Re-Inventing Rentals with Online Meetings & Appointments
Residential Rentals RoundUp #6 | How Not to Jeopardise Your Landlord/s Entitlement to a Cancellation Penalty, Rent Arrears Repayment Agreements in Uncertainty and more . . .
Residential Rentals RoundUp #6 | How Not to Jeopardise Your Landlord/s Entitlement to a Cancellation Penalty, Rent Arrears Repayment Agreements in Uncertainty and more . . .
Residential Rentals RoundUp #6 | How Not to Jeopardise Your Landlord/s Entitlement to a Cancellation Penalty, Rent Arrears Repayment Agreements in Uncertainty and more . . .
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. Of course, when reading the above in relation […]
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 […]
Rentals in Lockdown #5 (Mar/Apr 2020) | 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 […]
Rentals in Lockdown #4 (Mar/Apr 2020) | 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, […]
Rentals in Lockdown #3 (Mar/Apr 2020) | Michelle Dickens, MD of TPN on Tenant Vetting & Tenant Credit Records During & Post Lockdown
Rentals in Lockdown #1 (Mar/Apr 2020) | 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 […]
Rentals in Lockdown #2 (Mar/Apr 2020) | 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 […]
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
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
– Draft Communications for Landlords & Tenants
Residential Rentals RoundUp #4 | A Summary of the Latest Information on Residential Property Rentals During Lockdown
Residential Rentals RoundUp #4: A Summary of the Latest Information on Residential Property Rentals During Lockdown
– TPN CreditBureau – COVID-19 Update on Business Days
FREE Online Training: FICA: What Every Residential Property Rental Professional Needs to Know – in just 30 minutes!
– Share Your View: Rent Reductions? Rent Holidays?
– URGENT NOTICE TO ALL COMMUNITY SCHEME OCCUPIERS – MEASURES DURING LOCKDOWN. (EDITION 2. 6PM, 26 MARCH 2020) by Alan Levy
– Use of ST Common Property during Lockdown by Graham Paddock
– Legal Talk on CapeTalk with Marlon Shevelew: Leases on lockdown
– No Evictions During Lockdown
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
Residential Rentals RoundUp #4: LockdownCOVID-19: Rights and Advice for Rental Agents, Online POPI Training & Financial Relief for Companies & Individuals
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 of the most important (and confirmed) information I have managed to gather . . .
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 pertaining to residential property rentals. This week’s summary includes: Free Webinars to Watch at Your Leisure, Payment Allocation by a Landlord, State of Disaster Rental Recovery Plan – Rent Recovery Documentation Pack, Evictions Services Continue, Social Justice Groups Call for Urgent Ban on Evictions During Corona Crisis & Community Living in the Time of COVID-19
The Landlord’s Council Arrears Are Being Deducted from the Tenant’s Pre-Paid Electricity Payments! What now?
This issue was recently raised in the Property Practitioners Facebook Group . . . This resonated with me as I have faced this issue more than once in my Residential Property Rentals career. Is it Legal? Now, whether this is legal or not I honestly wouldn’t know – I can only assume that it is […]
6 Reasons for Rental Agents to LOVE FICA
Yes, believe it or not, there are (at least 6!) reasons for Rental Agents to LOVE FICA . . . . . . because you can use it go get more business! To explain this, let’s take a look at the FICA requirements imposed on a Rental Agency, as an accountable institution, under FICA legislation […]
The All-Important Rental Mandate – YOUR Entitlement to Payment
The Rental Mandate is the Contract under which the Rental Agency can Claim Entitlement to Payment. NO Mandate = NO Entitlement to Payment What is a Rental Mandate? The Rental Mandate is the contract between the landlord or property owner and the rental agency represented by the Principal – not between the landlord and individual […]
Why Running a Rental Business without Written Procedures is like Driving a Car Blindfolded
Let’s set the scene . . . You’re the Rental Manager and you get a call from a client with a complaint. You listen to what the client has to say and you then have a meeting with your team to get their side of the story. It turns out that they ‘totally forgot’ a […]
3 Metrics EVERY Rental Agent SHOULD Know AND Share with Prospective Landlord Clients
If I was a Landlord interviewing potential rental agents to procure a new tenant ,and to manage the lease, for my rental property, I’d be asking for the following 3 figures for their rental portfolio (or their company’s rental portfolio) . . . . Time-to-Tenant Occupancy Rate Level of Rent Arrears Why? Well, it’s simple […]
Rental Best Practice: Rental Deposits
In this articles I explain what I believe to be the rental best practices that should be employed when dealing with the all-important rental deposit – the only security the landlord holds in terms of the lease.
Spotlight On: Rental Deposits
It’s absolutely essential that rental agents have a good understanding of what you can and can’t do with a rental deposit. In this article I summarise all the deposit requirements required under the Rental Housing Act.
What’s the value of a fixed term lease if a tenant can cancel on 20 business days notice at any time?
Have you even wondered if there’s any value to a fixed term lease when the tenant can cancel on 20 business days notice under the CPA? I believe there definitely is a huge benefit. Here’s the reason why . . .
VIDEO: How to Make the Most of Prospective New Landlord Enquiries
Are you making the most of enquiries from prospective new landlords? In this article I share some thoughts for a script that will not only show you as a consumate professional, but will also make sure that you know as much as possible by the end of your fist conversation with the prospective new landlord.
VIDEO: How much Rental Deposit should you take?
How much damage deposit should a rental agent require? I explain why I believe that pure logic dictates you should never take less than 2 months’ rent.