Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

There is a minimum five year lease, but what if a tenant doesn’t want to commit for five years?

April 26, 2017doesn’t lease minimum tenant year

0

Posted

There is a minimum five year lease, but what if a tenant doesn’t want to commit for five years?

1 Answer

0

Posted

The landlord must advise a tenant of the right to a minimum five year lease, but the tenant and landlord can agree to a shorter term. If they do, a tenant must have his or her lawyer or licensed conveyancer sign a Section 16 certificate, and give it to the landlord within the first six months of the lease.