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
Covest Property Holdings (Pty) Ltd
Address
25 Homestead Street Benoni
Registration No
2005/003100/07
VAT No
4960225417
Telephone No
0105950102
Email Address
nick@covest.co.za
Contact Person
Nick Rodriguez Teixeira
Contact ID No
7611245147084
Contact Mobile No
010 5950102
LEASE DETAILS
Park
Olympia Works
,
11 Olympia Street, Eastgate, Sandton, Johannesburg, 2090
Unit No
P001
Monthly Rental
ZAR
30000
30000
30000
30000
.00
(Ex VAT)
Unit Size
7075
Deposit amount due
ZAR
0
.00
Lease Start Date
July 1, 2023
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
June 30, 2028
Escalation Rate
7%
10%
Utilities
On consumption
Payment Type
EFT
Utilities Meter Type
Metered
Payment Day
First day of month
Parking Bays
Parking Fee (Total)
ZAR
0
0
.00
(Ex VAT)
Permitted Use
Storage facility for vehicles and related activities.
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, refuse costs and meter reading charges.
Special Conditions
It is agreed that the client will remain on a 7% Annual Escalation on this lease agreement as per the terms and conditions applied in previous agreement.
Deposit Split
Deposit Special Conditions
Beneficial Occupation
-
Lease Acceptance Date
LEASE DETAILS
Park
Olympia Works
,
11 Olympia Street, Eastgate, Sandton, Johannesburg, 2090
Unit No
P001
Monthly Rental
ZAR
30000
.00
(Ex VAT)
Unit Size
7075
Deposit
ZAR
0
.00
Lease Start Date
July 1, 2023
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
5000000.00
Escalation Rate
7%
Goods Stored
Motor Vehicles, Fleet company.
Beneficial Occupation
-
Special Conditions
It is agreed that the client will remain on a 7% Annual Escalation on this lease agreement as per the terms and conditions applied in previous agreement.

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
Signature
Place
Place
Date
Date
Click here to Sign
Click here to Sign

LT l Storage Lease l 20210708

LT l Mini-Midi (Vs2) (06/21)