Rental Agreements - Page 32

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Commonly Asked Questions about Rental Agreements

A lease is a contract for a given length of time and states the landlord will lease the property to a tenant under certain terms. But a rental agreement stipulates a payment amount made periodically by a tenant to occupy the premises.
A fixed-term lease is the most traditional lease. Theyre called fixed term because tenants and landlords are agreeing to abide by the lease for a fixed amount of time, normally six to 14 months.
A fixed-term lease is great for landlords and tenants because they both can predict and rely on the fixed rental cost every month. Its still possible to cancel a fixed-term lease, however, the tenant may end up paying a penalty for breaking the agreement.
If you have lived in your apartment for less than one year, or have a lease for less than one year, your landlord must provide you with 30 days advanced notice before raising your rent or not renewing your lease.
Using a tenancy agreement The most common type is an assured shorthold tenancy or AST agreement.
The best type is the one who checks you out too Nothing too evasive from their side but enough to show that they are serious diligent tenants that you can feel comfortable to trust that they will pay their rent in time and look after your property.