1. Legal Quotes
“Nothing comes easy in life. Even Santa comes with a clause.” [Christmas proverb]
“With Congress, every time they make a joke, it’s a law; and every time they make a law it’s a joke.” [Will Rogers]
“A body at rest will continue to be at rest… until his wife notices and finds some work for him to do.” [Newton’s Law of Sundays]
2. (In) law short
Two men were sitting in a pub. One says to his mate: “My mother-in-law is an angel.” His friend replies: “You’re lucky – mine is still alive.”
3. Inspiring quotes
“Surround yourself with people who believe in you more than you do in yourself.” [Gaby Natale] “I’ve failed over and over in my life. And that is why I succeed.” [Michael Jordan]
“The most difficult thing is the decision to act, the rest is merely tenacity” [Amelia Earhart]
4. SAPOA commission rates for commercial property leases
The South African Property Owners Association (“SAPOA”) is the representative body for the commercial and industrial property industry in SA.
I am often asked what the commission structure is for commercial leases. It is as follows:
5% for the first two years of the lease. 3.5% for the third year.
2.5% for the fourth year.
1% for the fifth and every subsequent year.
This does not mean that the parties can’t negotiate a higher or lower commission – the above is the recognised guideline.