Lease Renewal, David Mokoena
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Hi, my lease ends on 30 November and I'd like to stay on at Rosebank Place. Can we talk about renewing?
Hi David, good to hear from you! You've been with us at Unit 1, Rosebank Place for 2 years on R12,000/month, and your payment record is excellent. I'll put together renewal terms for the owner to review. Would you prefer another 12-month term?
Yes, 12 months works for me. Will the rent go up?
A standard annual escalation of 8% would take the rent from R12,000 to R12,960/month from 1 December. Given your record I'll recommend the owner approves at that rate — no deposit top-up needed.
That's fair. Please go ahead.
I've prepared the renewal terms and sent them to the property owner.
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