"If the tennants are a little shakey, then not having a long term lease could promote the opportunity to leave the place in disarray with not paying rent for 1 or 2 months before you have the opprotunity to evict."

A tenant on a fixed lease could stop paying rent and/or trash the house as well.

Eviction regulations for rent arrears are the same for a tenant on a fixed or periodic lease.

Sure, but a month to month could add incentive to already shakey tennants for a disruptive exit.

 

So if they are good tennants, I wouldn't be concerned.

In my experience good tennants that have been on monthly arrangements have stayed for 4 years or more.

The long term lease can be used by the renter.

I live in a block of 4 flats--old ones--like it here.

13 years ago i had a 12 month lease-them let it drop back to month by month.

A couple of years ago the property was surveyed for developement in the future.

Now take a 12 month lease--latest one April -April.

That way the next time i apply for a long lease and its refused-i

will know its time to look for another flat-at my leasure...............................Richo.

My advice bob is if it's residential property is sell it and purchase industrial or commercial much better investments

We lived 7 years in the same leased house. Signed a 6mth kease at the beginning, then a 12 mth one. From there on didn't want to sign another fixed lease. . A nicer house may have come up in the same area, job security can be dicey at times - don't want to be stuck with a fixed lease, may apply for a job transfer in another location and don't want fixed lease if you get the new job.

The RE were always trying to put the pressure on us to sign a new lease ( they get a fee for that I believe, even for an existing tenant resigning). The owner wanted a fixed lease. Bottom line the tenant doesn't have to sign one.

They annoyed me greatly..stayed there because the rent was lower than most other places nearby.

bob, we lived in our house for 14 years on a month to month basis,and then we bought it,have owned it for 7 years in november. maybe you'll get that lucky too!

You could always counter offer - month to month at $xx per week - 6/12 months fixed term at $xx. per week.

 

With no lease the lessor is not bound to fixed month (6-12) term increases in rent any more than the tennant is obliged to give a months notice.

 

Month to month is usually cheaper if it is offerred by the lessor, (usually because a property is for sale etc) but if the tennant wants it this way, the landlord has the right to re-adjust the rent accordingly and revisit the situation as they see fit.

 

At least here in QLD.

For 2 days I've been seeing renal question when I open the CS forum.