RESOLVED
It is recommended that the lease of a portion of Public Street, portion of Erf
38425 Cape Town, situated at Familie Lane, Athlone, Cape Town shown
hatched and lettered ABCD on the attached plan 130002755 marked annexure
A, in extent approximately ±89m² to Shiraaz Hassan and Shaida Hassan or their
successors in title, be approved subject to inter alia the following conditions:
a) A market rental of R650.00 per month inclusive of rates and excluding
VAT calculated at the rate applicable at the time of transaction be payable;
b) The monthly rental to be adjusted on the basis of 6% per annum
commencing 2 months from date of the valuation i.e. as from 2023-10-01.
Accordingly, the above recommended rental is effective and payable as
from 2023-10-01;
c) The proposed lease term is for a period of 10 (ten) years and is to be
reviewed after a period of 5 (five) years;
d) The property to be used for parking, gardening and security purposes only;
e) Subject to such further conditions to be imposed by the Director: Property
Transactions in terms of his delegated authority;
f) Subject to compliance with any other statutory requirements;
g) No compensation will be payable for any improvement made to the
property.
Action: Mandy Taylor
