Inospace Serviced Business Parks

Offer to Lease

Lease Agreement

THE LESSOR
InoFort (Pty) Ltd
Address
50 Electron Ave, Isando, Johannesburg, 1600
50 Electron Ave, Isando, Johannesburg, 1600
The Block, 51 Wale Street, Cape Town, 8001
The Block, 51 Wale Street, Cape Town, 8001
The Block, 51 Wale Street, Cape Town, 8001
The Block, 51 Wale Street, Cape Town, 8001
The Block, 51 Wale Street, Cape Town, 8001
The Block, 51 Wale Street, Cape Town, 8001
The Block, 51 Wale Street, Cape Town, 8001
The Block, 51 Wale Street, Cape Town, 8001
The Block, 51 Wale Street, Cape Town, 8001
The Block, 51 Wale Street, Cape Town, 8001
7 Crocker Rd, Wadeville, Germiston, Johannesburg, 1428
The Block, 51 Wale Street, Cape Town, 8001
The Block, 51 Wale Street, Cape Town, 8001
40 Electron Ave, Isando, Kempton Park, Johannesburg, 1600
The Block, 51 Wale Street, Cape Town, 8001
Registration No
2019/173145/07
Telephone No
087 625 0499
Email Address
grow@inospace.com
THE LESSEE
Bavarian Capital (Pty) LTD
Address
2 Sixth Street
Registration No
2021 / 861362 / 07
VAT No
N/A
Telephone No
0847363800
Email Address
thabani@bmworkshop.co.za
Contact Person
Oliver Ngwenya
Contact ID No
EN006907
Contact Mobile No
0847363800
LEASE DETAILS
Park
Light Works
,
2A 6th St, Wynberg, Sandton, Johannesburg, 2090
Unit No
Unit 1 - 1st Floor
Monthly Rental
ZAR
25000
25000
25000
25000
.00
(Ex VAT)
Unit Size
780
Deposit amount due
ZAR
50000
.00
Lease Start Date
December 1, 2022
Once Off Admin Fee
ZAR 950.00 (Ex VAT)
ZAR 950.00 (Ex VAT)
ZAR 2650.00 (Ex VAT)
ZAR110.00 (Ex VAT)
ZAR 950.00 (Ex VAT)
ZAR 0.00 (Ex VAT)
Lease End Date
November 30, 2024
Escalation Rate
9%
10%
Utilities
On consumption
Payment Type
EFT
Utilities Meter Type
Metered
Payment Day
First day of month
Parking Bays
4
Parking Fee (Total)
ZAR
0
0
.00
(Ex VAT)
Permitted Use
Vehicle Servicing
Break Notice
30 Day Break (Calendar month notice required)
30 Day Break
Halfway Break
Halfway Break
Operational Costs
*Water,Sewerage and Electricity.Proportionate share of rates and taxes,CID Levy, Refuse Costs & Meter reading charges
Special Conditions
4 parking's on top floor of the building only. Deposit split over 2 months as follows: R25000 deposit due before occupation Balance of R25000 to be paid by 7 November 2022
Deposit Split
2 Months
Deposit Special Conditions
Beneficial Occupation
November 1, 2022
-
November 30, 2022
Lease Acceptance Date
October 11, 2022
LEASE DETAILS
Park
Light Works
,
2A 6th St, Wynberg, Sandton, Johannesburg, 2090
Unit No
Unit 1 - 1st Floor
Monthly Rental
ZAR
25000
.00
(Ex VAT)
Unit Size
780
Deposit
ZAR
50000
.00
Lease Start Date
December 1, 2022
Once Off Admin Fee
ZAR 950.00 (Ex VAT)
ZAR 950.00 (Ex VAT)
ZAR 2650.00 (Ex VAT)
ZAR 110.00 (Ex VAT)
ZAR 950.00 (Ex VAT)
ZAR 0.00 (Ex VAT)
Value of Goods
Escalation Rate
9%
Goods Stored
Beneficial Occupation
November 1, 2022
-
November 30, 2022
Special Conditions
4 parking's on top floor of the building only. Deposit split over 2 months as follows: R25000 deposit due before occupation Balance of R25000 to be paid by 7 November 2022

Signature by the Lessee shall constitute an offer to lease in favour of the Lessor to lease the Unit (inclusive of any parking or yard, if applicable) on the terms and conditions contained herein. This offer to lease shall remain open for 7 (seven) days from the date of receipt by the Lessee, should the Lessee not sign within this time period the offer to lease shall lapse. Signature of this offer to lease by the Lessor shall indicate acceptance of the Lessee’s offer and shall give rise to a binding Lease Agreement.

Terms & Conditions

For and on behalf of the LESSEE, who is duly authorised to sign hereto.
For and on behalf of the LESSOR, who is duly authorised to sign hereto.
Signature
Oliver Thabani Ngwenya
Signature
Neville Bear
Place
Johannesburg
Place
Johannesburg
Date
October 11, 2022
Date
October 11, 2022
Click here to Sign
Click here to Sign

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