If you are offered a rental agreement, you should read it carefully and get a second opinion before signing. A lease agreement is legally binding and, as a rule, one year for a specified period. Once you have signed a lease, there is no „cooling time“ and it is important to know that normally no notification can be made by the owner or you during the lease, unless you can revoke your consent at any time by notifying your landlord. We recommend that you do so in writing. Most people sign leases with the intention of moving quickly to their new home. Occasionally, however, the new tenant has a second thought or encounters difficulties moving. Unfortunately, breaking a lease before he moves to a new home can be a legal challenge. If you need to terminate a lease before moving in, you must prepare for financial loss and possible legal difficulties. If you sign a lease, it cannot deprive you of your rights under the Equal Status Acts 2004-2015 and the lease conditions cannot be changed during the rental period, unless you and your landlord agree to that date. There is no legal obligation for an owner to grant you a lease agreement (also known as a fixed-term contract or contract) and you do not have to sign a lease if you do not wish to do so. It is important to note that you will have rights under the Residential Tenancies Act 2004 and the Amendment Act 2015. However, if your tenant stands by the bargain, you will have no choice but to wait for the natural break clause in the tenancy agreement (usually six months) and give notice to your tenant and notify Section 21.

While this will be frustrating if you want to get your property back immediately, if you have a tenant who looks after your property and pays the rent each month, you are in a good position. For example, if a property was advertised as having parking, but you discovered that this was not true after signing the agreement. Many people think they have a cooling-off period for any kind of legal agreement – that`s not the case. It is only fair if it is explicitly given in a legislative act of Parliament and does not apply to leases – once the ink is dry, you and your tenant are both bound by the legal agreement. Sign up in haste in leisure, is something that potential tenants should take into account when signing rental contracts. You really need to be sure that you want this property. Under current legislation, cooling periods are different for contracts signed on-site and outside commercial premises. Some people mistakenly think they have 72 hours to change their opinion after signing a contract.

The confusion may be due to knowledge of the Federal Trade Commission`s „three-day cooling“ rule, which governs certain purchases made in the workplace or in a person`s place of residence.