Subcouncil resolution details
Subcouncil 7
Agenda item no
07SUB 20/5/2022
Subject
PROPOSED LEASE OF PUBLIC STREET, ERVEN 8279 AND 8280 DURBANVILLE, SITUATED AT CHURCH STREET, DURBANVILLE: LANGVERWACHT BODY CORPORATE
Meeting date
Wednesday, May 18, 2022
Resolution
Recommend
Date closed
Friday, May 20, 2022
Resolution detail
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RESOLVED TO RECOMMEND |
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That the lease of Public Street, being Erven 8279 and 8280 Durbanville, situated at Church Street, Durbanville shown hatched and lettered ABCD on plan TA 1116v1 marked annexure A, in extent approximately 505m², to Langverwacht Body Corporate, owners of Erf 8283 Durbanville or its successor in title, be approved subject, to inter alia the following conditions, that:
a) A market rental of R4 400 per month inclusive of rates and excluding VAT calculated at the rate applicable at the time of transaction be payable;
b) The monthly rental shall escalate at 6% per annum compounded annually on a pro rata basis commencing 6 months after date of valuation, i.e. as from 2021-12-01;
c) The rental is effective and payable as from 2021-12-01;
d) The lease will endure for a period of 10 years and the rental is to be reviewed after a period of 5 years;
e) The property to be use for access and parking purposes only;
f) Subject to such further conditions imposed by the Director: Property Management in terms of her delegated authority;
g) Subject to compliance with any other statutory requirements;
h) No compensation will be payable for any improvement made to the property. |
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Action: PATRICIA VAN SITTERT |
