Leogem Value Added Features

Rapport Program

Amidst the everchanging circumstances we find ourselves in, we are proud to introduce the Rapport Program into each and every one of our tenant contracts.

In principle, our Rapport Program is a clause that affords all of our tenants the opportunity to be excused from their contract should they be unable to pay their business rental due to a loss of income.

The conditions of our Rapport Program are listed below:

  • 1. The Parties have agreed that the Landlord and Tenant may agree to a mutual separation in the event that the following conditions being met;
    • 1.1 The Tenant has not fallen into arrears when approaching the Landlord in relation to invoking this clause;
    • 1.2 The Tenant has suffered a material reduction in revenue rendering it unable to pay its monthly rental;
    • 1.3 The Tenant shall provide the landlord with any documentation the landlord requests in determining the tenant’s inability to satisfy its monthly rental obligation;
  • 2. In the event that the Landlord in its sole discretion determines that the Tenant cannot satisfy its monthly rental obligations the Landlord may release the tenant from its obligations in terms of the agreement. In the event that the Landlord releases the tenant from its obligations in terms of the agreement the tenant shall;
    • 2.1 Satisfy any remaining rental and ancillary charges that remain due and payable to the Landlord;
    • 2.2 Voluntarily vacate the premises at the date specified in writing by the Landlord;
    • 2.3 Any other conditions prescribed by the Landlord;
  • 3. The tenant will remain fully bound in terms of the agreement and the parties expressly agree that the “Sympathy Clause” will only come into effect once the tenant adheres to the Landlord’s requests as specified in clause 2 above.

While this is not something we wish upon any of our tenants, we felt it necessary to include into our offering as a token of our goodwill and understanding of your personal and financial circumstances whatever they may be.