How long are lease agreements?

Lease agreements between landlord and tenants are usually made for a period of time, generally anywhere from 6 months to a year. Long-term leases, agreements anywhere from five to ten years or longer, are usually created for commercial rental properties since businesses tend to stay put in one spot for a longer period of time. It all depends on the kind of occupant you are looking for and how long you would like them to stay.

Longer lease agreements often provide more security, because the tenant is legally bound to the property for the given amount of time. Lease agreements include fees that should be paid if the tenant would like to move out of the rental property early. For this reason, renters that sign lease agreements rather than a month to month agreement will often stay longer. Lease agreements also provide security for the renter, meaning that the landlord is not able to apply additional fees or raise the rent while the lease agreement is in place. The landlord also won’t be able to ask you to move out of the rental property unless there is a breach of the agreement.

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6 Response to "How long are lease agreements?"

  1. Alok Master January 8, 2015 at 10:28 PM
    We look for Property to let in Edinburgh or anywhere else for that matter when we have to stay away from our homes.
  2. Joey Constanza March 10, 2015 at 2:43 PM
    Like you said, a normal lease agreement will be anywhere from 6 months to a year. The length of the lease can also depend on what kind of property is being rented out. I would assume that the length of the lease would be longer for those renting out larger building for industrial or commercial use. It is important to have some sort of professional help when it comes to property management. Not many people know what they are doing by themselves. http://www.zacherco.com/services/property-management
  3. Gary Puntman May 29, 2015 at 1:00 PM
    It's good to know that lease agreements are usually 6 months to a year. My friend is thinking about renting out his home. There are a lot of details to consider with this. One of the things he was thinking about is how long to have the lease go. I think he's planning on having it be a year, which sounds like that's about standard for a lot of rental properties. http://www.mgrmgmt.com/property-management.html
  4. Gary Puntman May 29, 2015 at 1:01 PM
    It's good to know that lease agreements are usually 6 months to a year. My friend is thinking about renting out his home. There are a lot of details to consider with this. One of the things he was thinking about is how long to have the lease go. I think he's planning on having it be a year, which sounds like that's about standard for a lot of rental properties. http://www.mgrmgmt.com/property-management.html
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