If you start with a fixed-term lease and allow the tenant to remain in the property without a new contract at the end of the term, the lease automatically becomes a legal term lease. A lease is a legally binding contract, as is a contract for a mobile phone or broadband service. Once you sign or enter into a lease agreement, you must continue to pay the rent until the landlord accepts the end of the contract, the contract comes for a natural purpose and you have indicated that you do not want it to continue, or that the property is no longer available to you because someone else has been confiscated. As long as the rental agreement has not been in progress for more than 5 years, the tenant can initiate the termination at any time during the rent with at least 28 days` notice. Limited leases are for real estate that is generally in poor repair, with the net annual value (the „NAV“) being less than $60 and the rent frozen at the 1978 level (usually less than $1.00 per week excluding prices). Landlords have few obligations to repair the property, unless there is a lease agreement mentioning something else. Although you don`t have to provide an inventory, it would be foolish not to do so, as it is the best way to avoid disputes over deposits at the end of a lease. The rental deposit system operates on the principle that the surety is the tenant`s money and must be repaid, unless a landlord can prove that he or she has the right to keep some of that money as compensation. You must have a properly completed check-in and check the inventory in order to have a chance to benefit from a deposit at the end of the lease. The inventory you accept at the beginning of a tenancy agreement is necessary proof if you have to make a claim against your tenant because of the damage caused by the tenant. The most common form of the lease, which is to lease a property to a group of people, is a common tenancy agreement. This will designate all parties and generally stipulate that tenants are jointly responsible for rent and damage. A periodic lease must last at least 6 months.

If you wish to recover the property, you can notify the tenant to leave the property with at least 28 days to enter into possession, subject to the minimum period of 6 months. Yes, private landlords must make a rental book available to their tenants free of charge. Tenants are required to make this rental book available to their landlord or broker for a regular update. The rental book must correspond to the type of rental agreement. A surety is an amount that the tenant pays to the landlord to ensure that the tenant fulfills all obligations arising from the tenancy agreement.