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Long Term Tenancy Agreements

By Emma Smith

IT MAY NOT BE FOR EVERYONE
When landlords and tenants think of tenancy terms, it is generally 6 or 12 months. However, have you considered a longer tenancy?
For residential properties you can enter into a tenancy term for up to 3 years.
While this may not be for everyone it can be a smart choice if:
1. A tenant is looking for a long-term secure tenancy
2. You are not looking to sell the property within the tenancy term
3. You are wanting to reduce the possibility of increased wear and tear, or
4. You want long-term rental security
Rental increases can also be included during the three year period to ensure that your income is maximised in accordance with the market.
Tenancy terms can be for any period of time – 7 months, 10 months or 21 months, etc.
We can discuss this further with you when your property becomes available for rent.

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