Easily Replace Arrow to the Tenant Lease Agreement

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Can you replace a tenant?

When a Tenancy Agreement has been signed, the Outgoing Tenant will remain liable for their rent and utility bills until a Replacement Tenant signs to legally take over in the tenancy. It is the responsibility of all Tenants to source a replacement and all remaining tenants must be happy with the new Tenant.

What are two disadvantages of having short term vacation rental in your community?

These short term rental problems can be anything from excessive noise, more traffic coming through the neighborhood, vandalism, and even small things such as leaving trash out on the street.

Is painting considered an alteration?

If your lease clause defines minor alterations as suggested above, you should be able to perform them without the landlords consent. These alterations will almost always be cosmetic changes, involving paint, floor coverings, plastering, and window coverings.

What are the advantages of a short term lease?

A short-term lease provides flexibility in that it allows you to experience the neighborhood and the unit. This can be ideal if you are new to a city; you can then choose to live in multiple places in the city or change cities altogether without the pressure of having to wait several months until the lease ends.

What are the risks of a short term lease?

However, tenants should keep in mind that a shorter term may result in higher rent and more rigidity from the landlord. While short-term lease agreements may seem like a better option to manage business now and in the future, disadvantages like higher rent and unexpected termination outweigh any perceived benefits.

How does a short lease work?

Short-term leases usually last six months or less. This type of lease typically renews on a month-to-month basis. These rentals allow for more flexibility, but less stability than long-term rentals.

Why do people like short term rentals?

Many vacation rentals charge a cleaning fee, so you wont need to pay for any maintenance yourself. Additionally, since guests only stay for the short term, they are less likely to damage the property during their stay. Additionally, most short term rental guests are visiting the area for leisure or business purposes.

What is the clause in a lease that allows a tenant an exclusive right to operate without competition?

You may have to live with restrictive use clause if the landlord has granted another tenant (such as in a shopping mall) an exclusive clausea promise that the landlord wont rent nearby space to any tenant whose operations would compete with the major tenant (sometimes called an anchor tenant).

What does short leased mean?

A short-term lease is a rental contract that generally lasts less than six months, where a typical apartment lease will usually be a year.

How long is short term lease?

A short-term lease generally refers to a lease that is either month-to-month, for three months or anything up to six months, while a long-term lease is anything longer than six months.

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