A CPA Lease must be signed when the
Tenant is a Natural Person or a Juristic Person with both an asset value and an
annual turnover of less than R2 million.
A Natural Person is an individual and
not an entity as listed below.
A non-CPA Lease must be signed
(regardless of their asset value or annual turnover) if both the Tenant and the
Landlord are:
- Companies;
- Close Corporations;
- Body Corporates;
- Partnerships;
- Associations; or
- Trusts.