Can I increase the rent in the middle of the lease period?

Renting out your property can be a rewarding way to generate extra income, but did you know it also comes with tax obligations? As a landlord in South Africa, you're required to report your rental income to SARS, which can eat into your profits. Fortunately, there are smart ways to reduce your tax liability and keep more of what you earn.

Residential vacancy rates have increased across all provinces and rental value bands, according to TPN’s latest Residential Vacancy Survey Report. The report shows a significant rise in vacancies, jumping from 4.42% in the first quarter to 6.72% in the second quarter of 2024.

Levy increases are an essential aspect of property ownership in sectional title schemes. As property owners within these complexes, the responsibility of maintaining, managing, and repairing common property falls on the body corporate—the collective of unit owners. The funds necessary for these responsibilities are generated through levies, which are typically adjusted annually. These adjustments are usually decided at the annual general meeting (AGM) of the complex.