If the customer has a credit account with the owner, they can rent for several months (or years) and receive a recurring or advanced invoice at each rental period until they return the device. In this case, deposits are rarely required. According to Keystone, “landlords prefer to deal with tenants represented by an agent,” which makes leases a safer option when renting. Sometimes the risk of the thing being kept is reduced by the fact that it is a special model or that there are signs on it that cannot be easily removed, which clearly indicates that it is in the possession of the owner; This is especially effective for goods used in public places, but even if they are used at home, it can help due to social control. Legal Nature`s experts explain: “The lease is very specific in terms of the responsibilities of both parties during the lease and contains all the necessary information to ensure the protection of both parties.” The duration and terms of the rental agreement are documented and cannot be changed without the consent of both parties. This ensures that the landlord cannot force a tenant to move or arbitrarily increase the rent. Similarly, a tenant cannot simply decide to leave the property without any repercussions. On the other hand, a lease has a fixed term and gives tenants the right to stay in a rental property for a certain period of time. This is usually 12 months, but can be any period, from three months to more than 24 months. During the term of the lease, the landlord and tenant mutually agree on fixed terms, such as.
B, the amount of rent to be paid, the duration of the lease, etc. Neither party may modify these terms without the written consent of the other parties. You can even opt for a professional leasing company that negotiates the most comfortable terms according to your needs and requirements. A lease, on the other hand, is advantageous for a landlord because it offers the stability of a guaranteed income in the long term. It is advantageous for a tenant because it determines the amount and duration of the rent and cannot be changed even with the increase in the value of real estate or rents. A lease can be a good option for landlords who focus on flexibility, especially in areas where tenants moan quickly, like. B university towns. In most cases, leases are considered “monthly” and are automatically renewed at the end of each term (month), unless otherwise specified by the tenant or landlord. .