Fixed end date – A lease agreement with a fixed end date gives a guarantee for both the landlord and the tenant. It indicates the exact day of the end of the lease. The advantage is that neither party is obliged to terminate the lease to terminate the lease, it simply expires on the specified date. In a fixed-term lease, the lessor cannot increase the rent or change other terms of the tenancy agreement unless he expressly reserves the right in the contract and the tenant accepts the changes. The tenant`s obligations are defined by this rental agreement and the specific laws for the location of the property. The tenant`s main obligations are to pay the rent on time and not to cause damage to the premises. If you sign a rental agreement, you contractually agree to pay the rent to the landlord. This is a legal obligation that the courts take seriously. You may be liable to the landlord for the landlord not paying the rent, even if you have a good reason for not being able to take possession.
In some situations, it may be cheaper for you to simply take possession and immediately notice that you will evacuate as soon as the notice expires – it may sometimes be better to pay one or two months` rent than to go to court and be forced to pay more. Periodically – A periodic lease continues as long as neither party wishes to terminate the lease. To terminate the lease, landlords and tenants must communicate their intention to leave, as required by law. A landlord may increase the rent or change the terms of the tenancy agreement in these types of contracts by making a formal termination in accordance with the law. At the end of the notice period, the tenant must move or the landlord may initiate eviction proceedings against him. As a general rule, when a tenant accepts a temporary rent, usually for 6 months or 1 year, the tenant agrees to be responsible for the rent for that period. When the tenant has emptied the premises before the term of the contract expires, the tenant generally remains responsible for paying the rent for the duration of the lease (provided that the lease is not in a jurisdiction allowing the tenant to prematurely terminate an early termination of a fixed-term lease). If the landlord can rent the premises again before the end of the tenant`s lease, the broken tenant is usually no longer obliged to rent, as the landlord cannot cash in double the rental for the premises.
Written agreements guarantee the lease and give the guarantee You do not have to give the lessor the intention to renew the lease before the lease expires.