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A multi-term lease is a rental agreement that encompasses multiple terms or periods, typically allowing tenants to occupy a property for more than one lease term. This type of lease often includes provisions for renewal or extension, giving both the landlord and tenant flexibility regarding the duration of the tenancy. It can be beneficial for tenants seeking stability and for landlords looking for long-term tenants without the need for frequent lease negotiations. Multi-term leases are commonly used in both residential and commercial real estate.
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What are the differences between a forever lease and a monthly lease?
A forever lease is a long-term agreement where the tenant can stay indefinitely, while a monthly lease is a short-term agreement that typically renews on a monthly basis.
At the end of a term lease can the lanlord require the tenant to move out?
“At the end of a term lease can the lanlord require the tenant to move out?”
What is secured lease?
"Secured" is a term applied to when a person signs personally for a lease.
What does short term lease mean?
Typically any lease less than 6 months would be considered a short term lease. Common short term leases are month to month and 3 month leases
What is the effect of cancellation of a registered lease by an unregistered cancellation deed?
the registered lease deed will automatically expired on completion of term of lease and no need to register cancellation of lease deed. and how ever a notice from lessor is to issued on completion of term of lease for handed over of premises.
What is an ACMI lease?
An ACMI lease is another term for a wet lease, the leasing of an aviation crew for a short period of time.
Can you get out of a lease in Florida if you become unemployed?
No, you are still obligated to pay your rent for the term of the lease
Do you have to pay for extra miles on a lease if you decide to purchase the car at the end of the lease term?
Yes, if you decide to purchase the car at the end of the lease term, you may have to pay for any extra miles that exceed the mileage limit specified in the lease agreement.
What is a period of a lease called?
The period of a lease is commonly referred to as the "lease term." This term specifies the duration for which the lease agreement is in effect, outlining the start and end dates. It can vary widely depending on the type of property and the agreement between the landlord and tenant.
Is there a difference between a term business car lease and a commercial auto lease, or are they one and the same?
A car lease is an individuals person lease for their car. A commercial car lease is the lease for a commercial vehicle which are used for businesses.
Is a long lease or short lease better?
I'd suggest finding an easy lease with flexible terms which will serve you better in the big picture than differing between a long term or a short term lease. Leasing shouldn't be complicated and finding an easy lease (http://officewarehousespace.net/easy-lease-program/) where you can name the terms is the ticket.
Can you break your lease is your spouse is laid off and receiving unemployment?
no, you are obligated to the full term of your lease
