Long-Term Tenancy Agreements

Written by hazel baker
  • Share
  • Tweet
  • Share
  • Email

Long-term as opposed to short -term tenancy agreements are designed for tenants who plan on remaining in a rental property for a year or more. These agreements state the terms of tenancy, rental amount, and rights and responsibilities of the landlord and the tenant .

Other People Are Reading

Terms

Rules and regulations about pets, subletting, rental late fees, security deposits, and other provisions must be clearly stated in the long -term tenancy agreement. Landlords cannot change or amend these provisions or raise the monthly rent during the tenancy without providing written notice to the tenant.

Rights

If the tenant breaks the long-term tenancy agreement, the landlord has the right to retain the security deposit and receive payment of a flat fee or the remaining rental amount due, or in some cases, both. The exact terms must be stipulated in the tenancy agreement. Tenants have the right to privacy and the right to occupy the property for the specified time period.

Lease Expiration

Once the tenancy agreement or lease expires, it is automatically extended to a short-term or month-to-month tenancy in most cases. The landlord and tenant can then decide whether to sign a new tenancy agreement.

Don't Miss

Filter:
  • All types
  • Articles
  • Slideshows
  • Videos
Sort:
  • Most relevant
  • Most popular
  • Most recent

No articles available

No slideshows available

No videos available

By using the eHow.co.uk site, you consent to the use of cookies. For more information, please see our Cookie policy.