Subcouncil 16

Resolution detail

RESOLVED to RECOMMEND that the lease of City Land, Portion of a Public Street, Portion of Erf 31149 Cape Town, situated at Hare Street, Mowbray, Cape Town shown hatched and lettered ABCD on the attached plan 130009854 marked annexure A, in extent approximately ±27 m² to Zachary Dillon Smith and Stephanie Rae Honchell or their successors in title, be approved subject to inter alia the following conditions:


a) A market rental of R300.00 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 compounded annually commencing 2 months from date of the valuation i.e. 2024-02-01;
c) The proposed lease term is for a period of 10 (ten) years, subject to a rental review after a period of 5 (five) years;
d) The property to be used for parking, access, 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.