Standard Commercial Lease Agreement South Africa

(D) Reciprocal waiver of the transfer of receivables. Where one of the parties suffers loss or damage caused by the other party but which is covered by the insurance of the injured party, the injured party waives any claim it may have against the other party, to the extent that it is compensated by the insurance required by this Agreement; and each party undertakes to obtain from its insurer a provision and recognition of such waiver and an agreement that the insurance body is not transferred to the rights of the injured party, to the extent that such rights have been waived above. (B) environmental restrictions. The tenant may not use the “demised Premises” for activities involving, directly or indirectly, the use, production, treatment, storage or disposal of hazardous or toxic chemicals, materials, substances or waste (“dangerous goods”) and that the premises are only used in accordance with all applicable environmental laws, regulations and regulations for this purpose. The owner has the right, but not the obligation, to inspect the premises of demised and to carry out tests if the owner does not have reasonable assurance that there is dangerous material on the demised land. In the event that tests reveal the presence of such a hazardous material and the tenant has not removed the dangerous material on request, the lessor has the right to immediately enter the premises of demised in order to remedy the impurities that have been detected there. In exercising its rights, the lessor will make reasonable efforts to minimize interference in the tenant`s affairs, but such entry does not constitute the total or partial eviction of the tenant, and the lessor is not held responsible for any disturbance, loss or damage to the tenant`s property or business, provided that such contamination is not caused by or results from the lessor`s actions. or shares. If a lender or government authority ever requires a check to determine if dangerous goods have been spilled, the reasonable costs are reimbursed by the tenant as additional rent upon request, if such a requirement is due to the storage or use of dangerous goods by the tenant at the deceased site. The tenant must from time to time, at the reasoned request of the lessor, make affidavits, assurances, etc., regarding the best real knowledge and faith of the tenant with regard to the presence of hazardous substances on the old-fashioned site or the tenant`s intention to store or use hazardous materials on the dimed site, Run.

A simple act of agreement between a lessor and a business tenant to modify the terms of a rental agreement. Change as much or less as you want….

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