Subcouncil 8

Resolution detail

It is recommended that the lease of portion of public place, erf 5219 situated at Gladiolus Crescent, Gordon’s Bay, show hatched and lettered ABCDE on the attached sketch ET 800 marked annexure A, in extent approximately 114 m², to Ayanda Nicholas and Nomatamsanqa  Bani, or their successors in title, be approved subject to inter alia the following conditions that:
 

a)A tariff rental of R1 130,43 per annum excluding VAT calculated at the rate applicable at the time of transaction be payable. Rates not applicable;

 
         b) The lease will endure for a period of 10 years with an option to
              renew for a further period of ten (10) years;
 
         c) The rental will be adjusted annually in terms of the rental tariff
             structure as approved by Council;
 
          d) The property be used gardening and security purposes only;
 
         e) Subject to such further conditions 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.