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What is the most common tenancy in residential leasing?

Fixed-term lease This is probably the most common type of residential lease, and guarantees your tenancy (and your monthly rental cost) for a set period of timefor example, six months, a year, or two years.

What is the most common type of periodic tenancy?

The most common type of periodic tenancy is the month-to-month lease. The tenant agrees to make monthly payments to the landlord until one party ends the contract by issuing a notice.

Are rental applications binding in Massachusetts?

In Closing The use of a rental application is designed to assist in choosing a tenant and does not create a legally binding relationship between yourself and the tenant. The responsibility is instead handled by a lease agreement.

What type of tenant uses a percentage lease most often?

Percentage leases are most often used with retail tenants. Multi-tenant retail properties, such as malls and shopping centers, use this type of lease because it benefits both parties involved.

Are rental application fees legal in Massachusetts?

Illegal Fees They may try to tack on extra fees such as holding deposits, rental fees, pet fees, or application fees. These extra charges are illegal. The problem is, if you refuse to pay these fees, a landlord may refuse to allow you to move in.

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What is the most common lease for apartments?

Fixed-Term Leases 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.

Do I need a permit to rent my house in Massachusetts?

There is no licensing requirement for landlords in the Commonwealth of Massachusetts, but there are a number of rules and regulations that would-be landlords need to adhere to in order to prevent penalties from enforcement agencies or through tenant action.

What are the most common forms of lease types?

The three most common types of leases are gross leases, net leases, and modified gross leases.

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What is the most common tenancy in residential leasing?

What is the most common type of periodic tenancy?

Are rental applications binding in Massachusetts?

What type of tenant uses a percentage lease most often?

Are rental application fees legal in Massachusetts?

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What is the most common lease for apartments?

Do I need a permit to rent my house in Massachusetts?

What are the most common forms of lease types?

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