Expert Tips and Insights for Creating Legally Binding Agreements

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The Reinstatement Realisation

The antics of the unpopular president in a certain country across the Atlantic has ushered in much commentary about his Reality TV Show, The Apprentice. Where his signature line, “You’re Fired!” has no doubt tempted more than a few frustrated employers, who would dearly love to employ the same tactics. But the few that do…

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Paying interest on a tenant’s rental deposit

My tenant of four years moved out a month ago. I paid him his deposit within days after he moved out. He says I short-changed him and is asking me to pay interest on the money. The deposit was a large chunk of cash, so I can understand why he’d be trying his luck. But…

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When does an agreement usually end?

During your personal and professional life you are bound to enter into numerous legal agreements. But an often-overlooked question when you enter into an agreement is: when and how can you get out of the agreement? This generally depends on what was agreed in the terms and conditions of the contract. Fixed-term: an agreement will…

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Is a verbal agreement binding?

How effective is a verbal agreement? Is it binding? A lot of businessmen and women enter into verbal contracts without being entirely sure whether they’re valid, or how effective the contract is. In general, South African law recognises verbal agreements. There are some exceptions to this. For example, a sale of property needs to be…

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Investing the tenant’s deposit

After endless weekends searching for that perfect property, the tenant finally heaves a sigh of relief. Found it! And it’s perfect! The forms are signed, the deposit and first month’s deposit is paid, the removal van is booked. Let the settling in begin. But have you ever wondered what the landlord is planning on doing…

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Repaying the rental deposit

My tenant moved out five days ago and is now getting all shirty about getting her deposit back. The problem is, she’s agreed to pay for a large window that her son cracked with a cricket ball – out of the deposit. My handyman is snowed under at the moment. He has ordered the glass…

AGREEMENTS ONLINE Repaying the tenant E2 80 99s deposit blog

Repaying the tenant’s deposit

There’s a familiar struggle that plays out at the end of every lease. It revolves around the repayment of the deposit. Unsurprisingly, the tenant is keen on getting their deposit back pronto. But the landlord is invariably not so keen to part with the cash. The distrust on both sides is not entirely without justification….