The National Credit Act (NCA) does not apply to lease of immovable property. However, when a Property Practitioner or landlord engages with a credit bureau the Property Practitioner or landlord will need to comply with the NCA, for example when:
- performing a credit check on a tenant (consent is required)
- loading a default (blacklisting) against the tenant (20 business days' notice of intention to list is required)
NCA
Section 8 Credit Agreement
(2) An agreement, irrespective of its form, is not a credit agreement if it is -
...
(b) a lease of immovable property