Subcouncil 20

Resolution detail

Subcouncil 20 recommends to support that the lease of portion of City Land, being a portion of Erf 67122 Cape Town situated at Unit 5 Valparazio and Garage 3, Wilson Road, Wynberg, shown hatched on the attached aerial photograph marked Annexure A, in extent approximately 73m² and 21m², to Musasa Hilaire Ibrahim and Mosange Khathi Ibrahim, be approved subject to inter alia the following Conditions, that: a) A market rental of R 5300.00 per month, inclusive of rates and excluding VAT where applicable, be payable; b) The rental will escalate at 8% per annum and is effective from 2018-01-01. 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. Action: Chad Jacobs