There is a clause in a residential renta...

Asked by Macdonaldm on 27-01-2021 21:18:09
Question posted in the Landlord Tenant Law category relating to Western Cape
Question value: R 100.00

There is a clause in a residential rental agreement that I'm hesitant about, please see below;

"Without prejudice to any rights which the Landlord may have in terms of this lease should the Tenant fail to pay any amount of whatever nature due by the Tenant in terms of this Lease on the due date thereof, then the Tenant shall pay interest on such amount at the rate of prime, plus 5% per month from the date that such amount became payable up to and including the date of payment thereof, and such interest shall be paid together with the amount in respect of which such interest has accrued as well as a late payment admin and collection fee of R500 for every 7 days of late payment."

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