6101 Residential Rental Agreement 04 11 2017 docx-2025

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Fixed-term lease It is the most common type of residential lease, giving landlords reliable rental income and reduced vacancy rates. Many landlords prefer this lease type as it provides long-term financial security and minimizes tenant turnover.
A gross lease, or a full-service lease, is the most common type of lease. A gross lease has a predetermined rent that covers costs associated with owning the property, including things like tax, building insurance, and maintenance.
The most common type of tenancy is a periodic tenancy, for example, a week-to-week or month-to-month tenancy. A periodic tenancy is automatically renewed unless either the landlord or the tenant gives written notice to terminate the tenancy at least 20 days prior to the end of the month.
The amount of notice required depends on the type of tenancy: 12 full tenancy weeks for a week-to-week periodic tenancy. 3 full tenancy months for a month-to-month periodic tenancy. 90 days for any other periodic tenancy.
Yes, Microsoft Word has a free lease agreement template that you can customize to create your own contract and minimize any potential problems between tenant and landlord.

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In a gross lease, the tenant pays a fixed price for rent, and the landlord is responsible for all operating expenses. This is the type of lease most common for residential properties and multifamily real estate because it is considered tenant-friendly.

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