NEWS & PRESS

Cpa Compliant Lease Agreement

Therefore, where the agreement provides for a fixed term that expires on or after April 1, 2013, the planned sections of Section 14 of the CPA apply to that agreement. The Consumer Protection Act (CPA) does NOT apply to all leases (or leases). It is really important to know this, because the Consumer Protection Act has a great influence on the lease and significantly changes the legal situation between the landlord and the tenant. If you are a landlord, you do not want to grant a tenant all rights under the Consumer Protection Act if you do not have to do so legally. The owners are in a difficult position as it is. Currently, the law is very favourable to tenants and not to landlords. Anyone who has recently tried to get a tenant through our courts will know. Tenants already have a lot of protection. “But, you say, it always means that my tenant can pay month after month without allowing me to resign. In addition, it does not make sense to subpoena and pay a lawyer to sue if the tenant has the right to pay before 20 days. This situation causes me a lot of financial and emotional stress, and the lease is still seven months cautious.┬áBefore the arrival of the CPA, the rental landscape was dotted with rental contracts that resembled old tones, entirely prehistoric languages (Latin), illegible paragraphs (fine printing), inconceivable (legal) incursions, and seemingly incoherent thought processes (endless crossovers). The CPA now requires that leases be written in plain language so that the average tenant with average reading and writing skills can understand the document. Many lawyers are still fighting against this requirement, which is still in circulation for many incomprehensible rental contracts in the rental sector.

Fortunately, our leases are written in plain language, making it easier for landlords and tenants to understand their rights and obligations – without paying an arm and a leg for legal translation services! There are certainties. All natural people are consumers, regardless of their net inventory value. Legal entities (such as businesses) are subject to normal thresholds and it is very easy to determine who is a consumer and who is not. Any corporation whose assets or annual turnover at the time of the closing of the transaction (lease agreement) is less than R2 million is a consumer.


Please direct requests and inquiries to Guarachi Wine Partners, 22837 Ventura Blvd, 3rd Floor, Woodland Hills, CA 91364 or call 818-225-5100