The Lease Agreement Payment Terms document serves as a critical component of lease agreements in South Africa, establishing the financial framework for rental arrangements. This document is essential when formalizing the monetary aspects of a lease relationship, whether for residential, commercial, or industrial properties. It must comply with South African legislation, including the Rental Housing Act 50 of 1999 and the Consumer Protection Act 68 of 2008. The document outlines comprehensive payment provisions, including rental amounts, security deposits, payment schedules, and methods of payment. It also addresses annual increases, utilities charges, and consequences of default, providing both parties with clear guidelines and legal protection. The Lease Agreement Payment Terms are particularly important in the South African context, where specific legal requirements govern rental practices and tenant-landlord relationships.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification and details of the Landlord and Tenant, including registration/ID numbers and contact details
2. Background: Context of the lease agreement and purpose of the payment terms
3. Definitions: Definitions of key terms used in the payment terms, including 'Rent', 'Due Date', 'Security Deposit', etc.
4. Rental Amount: Specification of the base rental amount, currency, and payment frequency
5. Payment Method: Approved methods of payment and banking details
6. Due Dates: Specific dates when payments must be made and grace periods if applicable
7. Security Deposit: Amount, payment terms, and conditions for return of the security deposit
8. Additional Charges: Details of utilities, maintenance fees, and other additional charges
9. Annual Increases: Formula or mechanism for rental increases and notice periods
10. Late Payment: Consequences of late payment, including interest rates and penalties
11. Default Provisions: Process and consequences in case of payment default
1. Utility Deposits: Required when utilities are not included in the base rent and separate deposits are needed
2. Payment Plan Options: Include when offering flexible payment arrangements or installment options
3. Credit Check Requirements: Include when credit checks are required for payment verification
4. Electronic Payment Terms: Specific terms for electronic payment systems when applicable
5. Foreign Currency Provisions: Include for international tenants paying in foreign currency
6. Subsidized Housing Terms: Include when the property is part of a subsidized housing scheme
7. VAT Provisions: Required when the landlord is VAT registered and rent is subject to VAT
1. Schedule A - Rental Payment Schedule: Detailed breakdown of monthly/annual payments including base rent and additional charges
2. Schedule B - Utility Charges: Breakdown of utility charges and calculation methods
3. Schedule C - Banking Details: Complete banking information for payment processing
4. Schedule D - Deposit Calculation: Detailed calculation of security and utility deposits
5. Appendix 1 - Payment History Form: Template for recording payment history
6. Appendix 2 - Late Payment Notice Template: Standard template for late payment notifications
7. Appendix 3 - Annual Increase Calculator: Formula and examples for calculating annual rental increases
Find the exact document you need
Contract For Taking Over Car Payments
A South African law-governed agreement that transfers vehicle payment obligations from an existing debtor to a new debtor, ensuring compliance with local credit and consumer protection legislation.
Download
Guaranty Of Payment Form
A South African law-compliant document where a guarantor commits to fulfilling specified financial obligations on behalf of a principal debtor if they default.
Download
Enforceable Payment Agreement
A legally binding agreement under South African law that establishes and enforces payment obligations between parties.
Download
Service Contract Payment Terms
A South African law-governed document defining payment terms and conditions for service contracts, including payment schedules, methods, and dispute resolution procedures.
Download
Affidavit Of Payment Agreement
A South African legal document combining a sworn statement with a formal payment agreement, detailing debt recognition and payment terms, certified by a Commissioner of Oaths.
Download
Contract Of Repayment
A South African law-compliant agreement that establishes terms and conditions for debt repayment between parties, including payment schedules and default provisions.
Download
Promissory Payment Agreement
A South African law-governed agreement documenting a binding promise to pay a specified sum of money, with detailed payment terms and conditions.
Download
Rent Arrears Repayment Agreement
A South African law-compliant agreement establishing a structured repayment plan for rental arrears between landlord and tenant.
Download
Service Agreement Payment Terms
South African-compliant document outlining payment terms and conditions for service agreements, including payment schedules, methods, and obligations.
Download
Payment Plan Agreement For Vehicle
A South African law-compliant agreement establishing terms for vehicle purchase through installment payments, incorporating National Credit Act requirements.
Download
Agreement For Money Owed
A South African law-compliant agreement that formally documents a debt obligation, including payment terms and enforcement provisions.
Download
Paid In Full Agreement
A South African law-governed agreement documenting the full and final settlement of a debt between a creditor and debtor.
Download
Employee Pay Agreement Form
A South African law-compliant agreement document that formalizes employment compensation terms and conditions between employer and employee.
Download
Taking Over Car Installments Agreement
South African agreement for transferring vehicle installment payment obligations from an existing debtor to a new debtor, with credit provider consent.
Download
Interim Payment Agreement
A South African law-governed agreement establishing temporary payment arrangements between parties, including payment terms and conditions pending final agreement.
Download
Contract For Payment Of Services
A South African law-governed agreement establishing terms for service provision and payment between service providers and clients.
Download
Simple Royalty Agreement
A South African law-governed agreement establishing terms for royalty payments in exchange for intellectual property usage rights.
Download
Rental Agreement Payment Terms
South African rental agreement payment terms document outlining rental payment conditions and obligations under SA law.
Download
Lease Agreement Payment Terms
A South African legal document specifying payment terms and conditions for lease agreements, ensuring compliance with local property law and regulations.
Download
Instalment Purchase Agreement
A South African law-compliant agreement for the sale of goods with payment in instalments, governed by the National Credit Act and Consumer Protection Act.
Download
Fee Payment Agreement
A South African law-governed agreement that establishes terms and conditions for fee payments between parties, including payment schedules, methods, and default provisions.
Download
Collection Payment Agreement Letter
A South African legal document establishing payment terms and conditions between creditor and debtor for debt settlement, compliant with local collection and consumer protection laws.
Download
Car Damage Payment Agreement
A South African legal agreement establishing payment terms and conditions for vehicle damage compensation between involved parties.
Download
Agreement Letter For Payment Of Land
A South African legal document outlining terms and conditions for land payment between seller and purchaser, compliant with local property law.
Download
Accident Payment Agreement
A South African law-compliant agreement establishing terms and conditions for accident-related compensation payments and settlement terms.
Download
Freelance Payment Contract
A South African law-compliant contract establishing payment terms and conditions for freelance services, including scope, deliverables, and legal protections.
Download
Undertaking Letter For Commission Payment
A South African law-governed document formalizing a commitment to pay commission, specifying payment terms and conditions.
Download
Tripartite Agreement For Third Party Payment
A South African law-governed agreement establishing a formal arrangement where a third party agrees to make payments on behalf of a debtor to a creditor.
Download
Settlement Agreement Payment Terms
A South African law-compliant agreement detailing payment terms and conditions for settling financial obligations between parties.
Download
Rental Agreement Advance Payment
South African rental agreement template incorporating advance payment terms, compliant with local property and consumer protection laws.
Download
Pay Off Agreement
A South African legal document that outlines terms for settling an outstanding debt, typically at a reduced amount or through structured payments, compliant with local credit and consumer protection laws.
Download
Non Payment Agreement
A South African law-governed agreement establishing binding commitments regarding payment restrictions, competitive limitations, or confidentiality obligations between parties.
Download
Install Agreement
A South African law-compliant agreement governing the installation of equipment or systems, including terms, specifications, and regulatory requirements.
Download
Independent Contractor Payment Agreement
A South African law-governed agreement establishing payment terms and conditions between a client and independent contractor, ensuring clear designation of contractor status and payment obligations.
Download
Final Payment Agreement
A South African law-governed agreement that establishes the terms and conditions for settling an outstanding debt through final payment arrangements.
Download
Down Payment Contract
A South African law-governed agreement establishing terms and conditions for an initial payment in a larger transaction, ensuring regulatory compliance and party protection.
Download
Delayed Payment Agreement
A South African law-governed agreement establishing terms and conditions for the delayed payment of an existing debt, ensuring compliance with local credit and consumer protection legislation.
Download
Credit Payment Agreement Letter
A South African legal document establishing credit payment terms and conditions between a credit provider and recipient, compliant with the National Credit Act.
Download
Commitment Letter To Pay Debt
A South African law-governed formal acknowledgment of debt and commitment to pay, outlining payment terms and conditions between creditor and debtor.
Download
Car Payment Takeover Agreement
A South African legal agreement enabling the transfer of vehicle finance obligations from an original purchaser to a new buyer, ensuring compliance with local credit and consumer protection laws.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)