- Security of a place to live in – 6 – 12 months can pass in the blink of an eye. You finally settle in to a place, and before you know it, its time to move again. By getting a long term lease, tenants can get into a stable routine, and lifestyle, without having the thought of moving hanging over their head.
Benefits for landlord:
- Financial Security – These are financial investment for the landlord, so knowing that they have a tenant secured for a long period of time is a plus!
- Less Wear & Tear – With less tenants moving in and out, the property is less likely to injure a great amount of damage.
At the end of the day, getting a longer lease comes down to the tenants record. What does the landlord/ property agent want to see? – A good rental history, evidence of on-time payments and great references! If you have that down pat, then your next step is to ask.
How to ask?
How you approach the matter, also counts. Its a good idea to outline why you are a good tenant, in writing – and don’t be too demanding.
Applying for a long-term lease may be easier for tenants who have already rented in the same home for 6-12 months, as by this stage both parties are okay with the current arrangement.
If you are applying for a new rental, it is usual for it to be a 12-month lease to start, just to see that everything’s is alright on both sides. After this the tenant can ask for a longer lease.
If you have any questions, or would like to know more about long-term leasing, then give one of our friendly team members a call.
