Landlord Risk Management Solutions  - for property owners, by property owners.

With teamwork we can manage your risk.

We have developed s solution specifically for the South African landlord. Proper rental risk management starts even before you sign your rental agreement.

It starts with a proper assessment of your tenants risk profile, 98 percent of the risk can be negated with a complete risk profile. A complete profile goes much further than checking the credit bureau.

Siyeza Complete Tenant Risk Assessment includes the following:

  • A Hawk enquiry:   Verification of the applicants ID number with the Department of Home Affairs, to prevent fraud.
  • A TPN enquiry:   Search of a property owner specific database for previous payment information.
  • A Standard Credit Profile enquiry:   We obtain a complete credit profile on the subject with all major SA Credit Bureaus.
  • We verify employment.
  • We verify payment history with previous landlords
  • We compile a complete report and advise you of the risk involved and of any measures you may take to negate the risk further.
  • Should the tenant default later we list the defaulter FREE
Cost   R495incl.

Siyeza Blacklisting of defaulting tenants:

Instead of just listing your defaulter/bad payer we offer a total package that includes the following:

  • Listing of your debtor.
  • Free initial tracing of the current whereabouts of your debtor, for litigation purposes through your attorney or for our collection purposes.
  • Blacklisting on our nationwide delinquent tenant database. (Access is provided to subscribing landlords, nationwide)
  • Free Trace Alert for a period of 3 years. (We will monitor the defaulters credit profile for a period of 3 years from listing, this will enable us to receive updated contact information as well as information on future applications for rented property, enabling us to warn the prospective landlords.
  • Collection services on a no collection no fee basis.

Cost   R495 incl.

Landlords Hypothec

Landlords Hypothec

In terms of the law, the Landlord enjoys a special protection assisting in the collection of arrear rental from tenants, which is called the "LANDLORD'S HYPOTHEC". Any action taken in the collection of arrear rental is based upon this protection. The hypothec allows the Landlord to sell the movable goods of the tenant (and in certain instances movables of a third party) which are on the leased premises, if the tenant fails to pay the rent.

The hypothec exists from the date of the tenant's occupation of the leased premises, but becomes legally enforceable once a Court Order is obtained. Therefore, prior to a Court Order being obtained, the tenant is free to remove the movable goods from the premises at any time. The Landlord may also bring the hypothec into effect by interdicting the tenant from removing goods from the premises. Thus included in an arrear rental Summons is an Automatic Rent Interdict. Service of this Summons on the tenant brings the hypothec into effect. However, if the tenant removes goods, even after service of the summons, the hypothec basically becomes unenforceable, as until it is perfected by means of a Court Order, the hypothec ceases to exist once the movables are removed from the leased premises. The tenant will have committed an offence in removing the movables, but in reality there is no relief for the Landlord. The police will not get involved, as they consider this to be a civil matter.

There is a way to avoid this situation. Section 32 of the Magistrate Courts' Act empowers the Landlord to attach and simultaneously remove the tenant's movables from the leased premises in security of rent. In effect, the Sheriff serves the Summons and attaches and removes the tenant's movable goods to the value of the arrear rental plus costs. The Sheriff pending finalisation of the action then stores the movables. This obviously secures the rental and costs and also acts as an incentive for the tenant to make payment of the arrear rental immediately, as he will want his movables back.



 
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