Legal
Vacant Property Act
Temporary letting of vacant property.
The Vacant Property Act allows vacant offices, commercial premises or buildings scheduled for demolition to be let temporarily without the usual security of tenure, provided a permit has been obtained from the municipality.
See also
Advice on selling or lettingFrequently asked questions about Vacant Property Act
What does Vacant Property Act mean?
Temporary letting of vacant property.
How does Vacant Property Act work in commercial real estate?
The Vacant Property Act allows vacant offices, commercial premises or buildings scheduled for demolition to be let temporarily without the usual security of tenure, provided a permit has been obtained from the municipality.
Related terms in legal
ROZ model
Standard commercial lease agreement.
Zoning plan / environmental plan
Permitted use of land and buildings.
Environmental permit
Permit for construction or change of use.
Break option
Right to terminate a lease early.
Chain clause
Obligation passed on to a subsequent owner.
Right of superficies
Right to have a structure on someone else's land.
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