LEASE AGREEMENT TERMS AND CONDITIONS 1. LEASE 3. DURATION OF LEASE 1.1. The Lessor hereby lets to the Lessee who 3.1. The Initial Period. This Lease shall hires, subject to the terms and conditions commence on the Commencement Date and shall contained herein: terminate on the Termination Date as specified in 1.1.1. certain Premises specified in the Lease the Lease Detail Sheet (the "Initial Period") Detail Sheet located at the address specified in the 3.2. Extension Option Lease Detail Sheet (the Premises") and if the 3.2.1 At Termination Date of the Initial Period of Premises are part of a sectional title scheme then the lease, this Lease shall lapse and be of no the Premises includes the undivided share in the further force or effect. common property allocated to such unit and any 3.2.2 The Lessee shall have an option, subject to exclusive use area(s) specified in the Lease Detail the Lessor's agreement at the point in time that the Sheet; and option is exercised, to renew this Lease (on the 1.1 2. any of the contents of the Premises, same terms and conditions as contained herein) including without limitation stoves, keys, locks. for the Renewal Period (if applicable) provided windows, sewerage pipes and pans, electrical that:- installations and fittings, water taps, cookers or 3.2.2.1 the Lessee exercises such option in writing fireplaces, but excluding any property of the which shall be delivered to the Lessor's Agents not Lessee ("the contents). later than 2 (two) calendar months prior to the 1.1.3 This is a single indivisible lease. expiration of the Termination Date; or 3.2.2.2 the 1.1.4 The Premises shall be used by the Lessee Lessee exercises such option in writing within the for residential purposes only. 2 (two) calendar months prior to the expiration of the Termination Date, and the Lessor confirms its 2. DEFINITIONS acceptance thereof in writing, waiving clause 2.1 It is recorded that this Management Lease 3.2.2.1 above. Agreement is subject to and comprises of the 3.2.2.3 the Lessee has fulfilled all its obligations in Schedule, Lease Detail Sheet and the Terms and terms of this Agreement and is still in occupation Conditions of Lease, which the Lessor and Lessee of the Premises at the Termination Date; and acknowledge that they are fully aware of and 3.2.2.4 that the rental in respect of the Renewal which form part of this Agreement, and which both Period will increase at the rate of the escalation, parties shall initial for the purpose of identification. as per the Lease Detail Sheet and in accordance 2.2 Words importing the singular shall include the with clause 5.6 herein below. plural and vice versa, and words importing the 3.2.3 Failing the formal renewal of the Lease for masculine gender shall include feminine and the Renewal Period as aforesaid, the Lessor may words importing persons shall include elect, in its sole and absolute discretion to partnerships, bodies corporate, trusts, companies implement one of the undermentioned options:- and close corporations. 3.2.3.1 that the Lessee vacate the Premises on 2.3 The headings to the paragraphs to this the Termination Date; or Agreement are inserted for reference purposes 3.2.3.2 that the Lease shall continue on a monthly only and shall not affect the interpretation of any basis and the rental in respect of the period after of the provisions to which they relate. the Termination Date shall be increased by the 2.4 Where figures are referred to in numerals and rate as set forth in the Lease Detail Sheet. Lease in words, if there is any conflict between the two. Detail Sheet the words shall prevail. 2.5 Schedules or annexures to this Agreement 3.3. Termination. shall be deemed to be incorporated in and form 3.3.1The Lessee shall on vacating the Premises, part of this Agreement. at or before 12h00 on Termination Date, forthwith 2.6 If any period is referred to in this Agreement by 3.3.1.1 deliver all keys and remotes to the reference to number of days, the days shall be Landlord's Agents; and reckoned exclusively of the first inclusively of the 3.3.1.2 leave the Premises in a clean and tidy last day, unless the last day falls on a day which is condition; and not a business day, in which case the last day shall 3.3.1.3 leave the furniture (if applicable) on the be the next succeeding business day. Premises and in a good state of repair; and 3.3.1.4 2.7 Reference to "business day" shall exclude shall make an appointment with the agent in order Saturdays, Sundays and Public Holidays in South to meet at the Premises on Termination Date of Africa. the Lease/hand-over of the keys in order to do an Premises outgoing inspection of the Premises; and 3.3.1.5 subject to the Landlord's tacit hypothec, remove all its assets of whatsoever nature Failing Page 1 of 10which the Lessor shall be entitled to claim from the Lessee an amount equal to the rental payable by the Lessee in the immediately proceedings month prior to the Lessee vacating the Premises. 3.3.2 Should the Lessee abandon the Premises the Lessor shall be entitled (but not obliged) to enter and take possession thereof and remove and store any movables at the risk and expense of the Leasee. 3.3.3 Should such movable or any of the movables not be removed by the Leasee upon termination of the Lease, or within 7 (aeven) days after written demand sent to the Lessee's domicilum address, the Lessor shall be entitled (but not obliged) and is hereby authorised by the Lessee to sell and/or otherwise dispose of the movable property- 4. OCCUPATION 4.1The Leasee shall take physical occupation of the Premises and possession of the contents on the Commencement Date unless the Lessor otherwise agrees in writing. 4.2 Should the Leasee wish to take occupation prior to the Commencement Date, the Lessee will be liable for the pro-rata rental for occupation as at date of occupation