Subcouncil 16

Resolution detail

UNANIMOUSLY RESOLVED to RECOMMEND to the Director: Property Management that the residential property located on Erf 16077 situated at 26 Shelley Street, Salt River in extent approximately 92 m² be leased to Mr Muraad Gaibie, subject to inter alia the following conditions: a)That a market related rental of R4 700 (per month) inclusive of rates and excluding VAT be payable; b)The rental will escalate at 8% per annum; c)The lease will endure for a period of three years; d)The property be used for Residential purposes only; e)Subject to such further conditions to be imposed by the Director: Property Management in terms of her delegated authority; f)Subject to compliance with any other statutory requirements; g)No compensation will be payable for any improvement made to the property.