The Fixed-Term Tenancy (2:13)
Covers: Requirements of a lease agreement: contain a commencement and expiration date, document in writing if for a period greater than one year; Termination of a fixed-term tenancy; Advantages and disadvantages of a fixed-term tenancy
More information about this topic is available @ firsttuesdayjournal.com. More information about our real estate licensing and renewal courses is available @ firsttuesday.us.
Fixed term can be less that one year? All real estate transactions must be in writing, simply memorized by the competent parties with consideration is adequate?
Hi Glenn, a fixed term can be for any amount of time. However, if it is for more than a year, it needs to be in writing.