Document background
The Contingency Lease Agreement is designed for situations where parties wish to enter into a lease arrangement subject to certain conditions being met. This document type is commonly used in South African property law when the commencement or continuation of a lease depends on specific events or requirements, such as obtaining necessary permits, completing renovations, or securing financing. The agreement must comply with South African legislation, including the Rental Housing Act, Consumer Protection Act, and common law principles. It includes detailed provisions for the contingency conditions, standard lease terms, and the consequences of both fulfillment and non-fulfillment of the conditions. This type of agreement provides protection for both landlord and tenant by clearly defining the conditional nature of their commitments and the pathway to a fully effective lease.
