Inospace Serviced Business Parks

Offer to Lease

Lease Agreement

THE LESSOR
Inospace 5 (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
2021/570865/07
Telephone No
087 625 0499
Email Address
grow@inospace.com
THE LESSEE
Panda Home Like Furniture (PTY) LTD
Address
9 Drukkery Road Industrial Elsies River Western Cape 7480
Registration No
2017/523899/07
VAT No
N/A
Telephone No
0767098828
Email Address
pandahomelike@gmail.com
Contact Person
Hubo Yu
Contact ID No
7508236050188
Contact Mobile No
0767098828
LEASE DETAILS
Park
Tyger Works
,
12 Jean Simonis St, Parow East, Cape Town, 7501
Unit No
C01
Monthly Rental
ZAR
45645
45645
45645
45645
.00
(Ex VAT)
Unit Size
631
Deposit amount due
ZAR
91290
.00
Lease Start Date
January 1, 2024
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
January 31, 2027
Escalation Rate
8%
10%
Utilities
On consumption
Payment Type
EFT
Utilities Meter Type
Submeter
Payment Day
First day of month
Parking Bays
Parking Fee (Total)
ZAR
0
0
.00
(Ex VAT)
Permitted Use
Homeware sales and wholesales
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 and meter reading charges.
Special Conditions
Deposit Split
Deposit Special Conditions
Beneficial Occupation
December 1, 2023
-
December 31, 2023
Lease Acceptance Date
October 27, 2023
LEASE DETAILS
Park
Tyger Works
,
12 Jean Simonis St, Parow East, Cape Town, 7501
Unit No
C01
Monthly Rental
ZAR
45645
.00
(Ex VAT)
Unit Size
631
Deposit
ZAR
91290
.00
Lease Start Date
January 1, 2024
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
8%
Goods Stored
Beneficial Occupation
December 1, 2023
-
December 31, 2023
Special Conditions

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
Hubo Yu
Signature
Jacques Weber
Place
6 beacon way parow cape town
Place
Cape Town
Date
October 27, 2023
Date
November 6, 2023
Click here to Sign
Click here to Sign

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