When can the landlord charge interest on arrear rental and at what rate?

< Back
You are here:
Print
image_pdfSave as PDF

The general principle, namely that interest starts running on the date on which the due amount should have been paid, is also applicable to the contract of lease. The landlord is therefore entitled to claim interest on any arrear rental from the date on which same should have been paid by the tenant.

The interest rate applicable will be the Repo Rate + 3.5% being the prescribed rate in terms of the Prescribed Rate of Interest Act, except if the contract specifically stipulates another rate.

Volker Krüger

image_pdfSave as PDF
Previous Can a contract be signed on behalf of a company or a close corporation still to be registered?
Next When can the landlord cancel a contract of lease?
Table of Contents