Why are leases a minimum of 3-5 Years long?
Landlords need to amortize the costs of Tenant improvements when a new Tenant moves in. These costs could ad-up to a substantial amount. No need for a Landlord to up-front thousands of Dollars to a Tenant who plans on moving out in one year. Also, most Tenants need this kind of time frame to build their business, and by locking a good lease rate with a cap amount for the upcoming years a Tenant will benefit in the long run by budgeting his/her expenses especially if the neighborhood market place shoots up in value. It is not likely that a serious professional plans on entering into a short- term lease.
