The Western Cape High Court found in favour of a landlord who was owed in excess of R300 000.00 by a tenant due to the non–payment of electricity bills.
South African consumers are R1.56 trillion in debt to credit providers; and 53% of this debt is owed to the banks for Mortgages.
Experian announced that it has signed an exclusive partnership with TPN credit bureau, the largest rental bureau in South Africa specialising in vetting tenants for rental properties.
Property owners, landlords and investors in the commercial sector will probably not be surprised that the numbers for Q4 of 2013 indicate a drop-off in rent paid on time and in full.
The half point increase in the repo rate announced by the Reserve Bank on Wednesday (29 January 2014) certainly sent a shock wave through markets.
Before signing a lease, Michelle Dickens, Founder and Managing Director of the Tenant Profile Network (TPN), advises that small to medium enterprises (SMEs) do their research, know their requirements, and plan for the future.
It’s not surprising that many landlords choose to enlist the specialised services of a rental agent when letting a property.
Rental payment performance by commercial tenants during Quarter 4 of 2012 remained surprisingly steady, despite obvious and frequently documented pressures on the general economy.
Rent is, in most cases, the biggest monthly expense for the average consumer. So it shouldn’t come as a surprise then that scam artists are out to target landlords through identity theft in an effort to avoid paying their dues. This particular type of fraud is quite common – and what is most concerning is how easy it is to become a victim.
An intriguing spike in TPN's rental statistics bears this out: South African men in their 30s generally don't rent – until they turn 39, when suddenly the figures jump.

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