Results 1 to 8 of 8

Thread: Landlord wants my certificate of incorporation

  1. #1
    Full Member
    Join Date
    Jul 2014
    Location
    East Rand
    Posts
    44
    Thanks
    0
    Thanked 5 Times in 3 Posts

    Landlord wants my certificate of incorporation

    We already have a signed contract for a 3 year lease. He requested the 3 year term citing he needs it for a bank loan application.

    Then he insisted on a resolution to prove the signatories to the lease have the power to sign it.

    Now he wants the certificate. Why would he, whats brewing?

    Sent from my Z30 using Tapatalk

  2. #2
    Suspended
    Join Date
    Mar 2013
    Location
    Had enough
    Posts
    3,360
    Thanks
    114
    Thanked 214 Times in 202 Posts
    Is it a Trust ?

  3. #3
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    21,196
    Thanks
    3,076
    Thanked 2,476 Times in 2,080 Posts
    Blog Entries
    12
    Quote Originally Posted by Leonp View Post
    Now he wants the certificate. Why would he, whats brewing?
    I trust your landlord only needs a certified copy and not the original.

    Frankly, it's standard "know your client" stuff. The company's certificate of incorporation is essentially it's ID document.
    The trouble with opportunity is it normally comes dressed up as work.

    Alcocks Electrical Services | Alcocks Pest Control & Entomological Services

  4. #4
    Full Member
    Join Date
    Jul 2014
    Location
    East Rand
    Posts
    44
    Thanks
    0
    Thanked 5 Times in 3 Posts
    Ok so its not some dark attempt to reallocate my business or such?

    Sent from my Z30 using Tapatalk

  5. #5
    Full Member
    Join Date
    Jul 2014
    Location
    East Rand
    Posts
    44
    Thanks
    0
    Thanked 5 Times in 3 Posts
    Nope a pty ltd

    Sent from my Z30 using Tapatalk

  6. #6
    Gold Member Houses4Rent's Avatar
    Join Date
    Mar 2014
    Location
    Cape Town
    Posts
    790
    Thanks
    8
    Thanked 56 Times in 52 Posts
    I guess he wants to make sure that you are authorised to sign on behalf of the company and checks that the people on the resolution are actually members of the company too. If CPA applies a lease cannot be signed for longer than 24m unless there is a benefit for you the consumer to sign for longer. This is to my limited knowledge.
    Last edited by Houses4Rent; 08-May-16 at 12:27 PM.
    Houses4Rent
    "We treat your investment as we treat our own"
    marc@houses4rent.co.za www.houses4rent.co.za
    083-3115551
    Global Residential Property Investor / Specialized Letting Agent & Property Manager

  7. #7
    Suspended
    Join Date
    Mar 2013
    Location
    Had enough
    Posts
    3,360
    Thanks
    114
    Thanked 214 Times in 202 Posts
    Yep I don't see any problem

  8. #8
    Gold Member Phil Cooper's Avatar
    Join Date
    Nov 2010
    Location
    Midrand
    Posts
    645
    Thanks
    0
    Thanked 170 Times in 118 Posts
    Me neither.

Similar Threads

  1. LANDLORD MILKING ME DRY
    By Sadness in forum Entrepreneurship and Business Management Forum
    Replies: 11
    Last Post: 09-Jun-14, 09:01 PM
  2. Landlord raises rent with 75%
    By Taxempt in forum General Business Forum
    Replies: 3
    Last Post: 11-Jun-12, 10:27 AM
  3. New Companies Act - Memorandum Of Incorporation (MOI)
    By Andrevh in forum Entrepreneurship and Business Management Forum
    Replies: 1
    Last Post: 16-May-12, 04:49 PM
  4. Memorandum of Incorporation (New Companies Act (Act 71 of 2008)
    By KDG in forum General Regulatory Compliance Forum
    Replies: 3
    Last Post: 21-Feb-12, 08:54 AM
  5. [Question] Landlord not fixing water leak
    By mother in forum General Regulatory Compliance Forum
    Replies: 5
    Last Post: 03-Oct-11, 09:47 AM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •