Question: What is a reasonable cancellation penalty?

A fair penalty It has become common practice by landlords to charge a cancellation fee of two months rent if tenants terminate early with more than six months of the lease remaining, and one month rent if less than six months remain, Kara says.

How much notice must a landlord give a tenant South Africa?

Both the landlord and tenant must give at least one months notice to the other party when wanting to cancel the lease. (See Rental Housing Act 1999.) The Consumer Protection Act (CPA) gives additional rights to the tenant by allowing them to cancel the lease provided 20 business days notice is given.

Can my landlord give me 2 months notice?

Usually, 2 months notice is required unless the tenancy agreement states otherwise. Your landlord may need to give you more than 2 months notice if you have a contractual periodic tenancy. You should check your contract to ensure that your landlord has given you the correct amount of notice.

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