Document background
The Letter Of Intent To Extend Lease is a crucial document in South African property dealings, typically used when a landlord or tenant wishes to express their formal intention to continue an existing lease relationship beyond its current expiry date. This document is particularly relevant in commercial and residential property contexts where parties need to initiate lease extension discussions well before the current lease expires. It should outline key information such as the identity of the parties, details of the existing lease, proposed extension period, and any anticipated changes to terms. While not a binding lease extension itself, this letter helps establish clear communication and can serve as a foundation for the subsequent formal lease extension agreement. Under South African law, this document should align with the Rental Housing Act, Consumer Protection Act, and other relevant property legislation, though it remains primarily a preliminary document rather than a binding contract.
