It would be nice to have a middle ground. Remember that tenants are not able to buy around. We find an apartment that we love and pray that the agency and the owner do not have money to pack their bags. I have nothing against a short-term lease, but I want to be sure that I can stay in the property for many years, have total control over how I live my life in this property, and I know that, in most cases, my rent will not be higher than inflation, as well as many indications if changes need to be made as long as my rent is paid on time. Unfortunately, leases are not like insurance policies, they do not suddenly become invalidated if circumstances change. Although, she really, really, really should be. Once the term is over, the lease becomes periodic. If you do not wish to do so, you must report it in writing at least 21 days before the end of the validity period. When I bypass a periodic rental agreement, it is customary for the real estate agent to charge my tenants or that there is no fee for any of us. So the question is, what security do the owners actually earn by offering a long-term lease? They responded and asked for $125 VAT for the new periodic lease, and that they would use the tenants $75 plus VAT for the periodic lease. So I sent an email to the head of the agency, who reported the possible illegalities in collecting fees for a tenant for detention, and within minutes I received an email back from the agent saying they would waive all fees in this case. I agree with a lot of your analysis, but I guess too many homeowners prefer to rely on periodic rolling agreement month after month, once fixed conditions end.
A fixed-term lease takes a certain period of time – for example. B a year. You must include the length in the rental agreement. Okay, I`m sure there are still a number of hippie-dippy tenants out there who are inveterate supporters of long-term rental types. They want security. They need it. That is what they want. So, what are your thoughts? Are you for, against or indifferent to long-term rents? What do you propose? My preferred option would be to choose a hybrid approach. Give your tenant a 6-month rent. I recommend that you issue a section 21 notification, in addition to the rental agreement and the mandatory information required by the rental deposit system. Then, if the first 6 months have passed and the lease is going well, consider giving the tenant a longer lease if they wish. I can never stress enough that the long-time tenants in my experience generally make homeowners happy and satisfied.
On the one hand, many landlords assume that the minimum term of a lease under an insured short-term lease must be 6 months.