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What is the length of a lease?

April 26, 2017lease LENGTH

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What is the length of a lease?

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An average length of a lease is 12 months. But depending on circumstances you may decide to go 9, 18 or 24 months or a short-term rental. At the end of the lease term you may decide on a renewal (if the resident wishes to remain), or vacate the property or allow the tenant to continue renting on a month-to-month basis. If the market has changed you may decide to raise the rent at the end of the lease term.