CANCELLATION POLICY
SHOULD YOU DECIDE TO LEAVE US
ANNEXURE F – CANCELLATION POLICY
THIS ANNEXURE FORMS PART OF YOUR LEASE AGREEMENT 2024-2025
(This annexure is subject to amendment from time to time)
The parties acknowledge that because it is most unlikely that the Landlord will get alternative Tenants/Occupants for the Property during the Tenure of Lease,
in light hereof and if the Tenant/Occupant would evacuate the Property; or not perform in terms of the Lease Agreement; or if the Lease Agreement would
be cancelled for whatever reason – the below cancellation policy will come into effect. Any outstanding payments must be settled before the cancellation of this Lease Agreement.
The cancellation policy is applicable whether the resident or OppiKampus affects the cancellation.
CANCELLATION POLICY:
A penalty is equivalent to the remaining rental amount of the Lease Agreement. The Landlord may impose a reasonable cancellation penalty and demand all outstanding amounts owed in terms of the lease agreement taking into consideration the following factors;
- The amount still owed under the remainder of the lease period
- The value of the transaction up until cancellation
- The duration initially agreed upon
- The length of notice of the cancellation
- The potential for the landlord to find another tenant
Administration Fee: The administration fee is non-refundable.
Deposit: Only the balance of your deposit will be refunded after the deduction of the cancellation penalty.
Mattress Protector: The mattress protector fee will be refunded if returned unused.
