RESOLVED that:
The members SUPPORTED the lease of City Land, being Erf 101455 Cape Town,
situated at Lawson Road, Athlone, shown hatched and lettered ABCD on the
attached plan 130008257 marked annexure A, in extent approximately ±81m²
to Ubaydullah Hassen or his successors in title, be approved subject to inter alia
the following conditions:
a) A market rental of R400.00 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 on a pro rata basis commencing 6 months from date
of valuation i.e. as from 2022-04-01.
c) The lease will endure for a period of ten (10) years. The rental to be
reviewed after a period of five (5) years.
d) The property to be used for parking and security purposes only.
e) Subject to such further conditions to be imposed by the Director: Property
Management in terms of her/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: M Taylor
