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The type of tenant likely to attract your property should be taken into account when deciding the length of a lease. If you have a property that is probably for a family, a six-month rent may be less attractive. Although this is not necessarily the case, as it also depends on the circumstances of potential tenants. If the term is longer than three years, the lease must be prepared and signed as a deed. Guaranteed short-term rent is a form of rent governed by the Housing Act of 1988. Most rentals granted after February 28, 1997 are too short- upon, unless the landlord specifically provides for something else. Leases awarded before February 28, 1997 can only be short-term leases if a valid “short term” was served prior to occupancy and the lease was at least six months. Most rentals automatically become a secure short-term rental agreement under the following conditions: NLA searches with tenants have shown that 40% of tenants want longer leases, but not 40%. More than 50% said they were satisfied with the proposed rental term, and 20% told the NLA that when they asked for a longer rent, they got it. A lease generally refers to the following: the government is concerned that short leases will lead tenants to be unwilling to challenge poor real estate standards because they fear that their leases will be terminated.
As a general rule, neither a lessor nor a tenant can terminate the contract as part of a temporary tenancy period until the expiry of the term (unless one of the parties has committed a substantial violation of the agreement). For periodic leases, there is a legal minimum that is required by most jurisdictions. The lease may indicate a longer period than the legal minimum. The lease cannot be shorter than the legal minimum. If this is the case, the legal minimum is included in the rental agreement. However, 29% of tenants said they preferred a longer period of three years, and 43% had stayed more than five years in their current home. In recent years, homeowners have been hit hard by a series of tax increases, including a 3% increase, a rejuvenation of the amount of mortgage interest tax relief that could be claimed, and an end to the “wear and tear” allowance and deposit protection.