<b>Different types of lease agreements</b>
There are different types of lease agreements. These set out how long your tenancy is for, how you can end the tenancy and when the landlord can increase the rent.
<b>Fixed term agreements</b>
These agreements will set an end date for the tenancy - eg six months. The end date can’t be changed by either you or the landlord unless you both agree to it.
Rent can’t be increased during this period unless there is a specific condition in your lease agreement. This could be a sentence stating the landlord can choose to increase the rent by giving written notice or it could show the new rent amount and when it will apply.
If you want to leave a fixed term agreement before the end date, speak to your landlord. You may be liable for costs associated with readvertising and reletting the property, as well as for any loss of rent.
A landlord can’t end your tenancy early without negotiating with you first. The only exception is if you have failed to comply with the conditions set out in the lease agreement, also referred to as breaching the lease agreement, and you are being evicted - eg for not paying rent.
<b>Short fixed term agreements</b>
These agreements set out a tenancy for up to 90 days but otherwise the same conditions apply as for a fixed term agreement. A written notice of a short fixed term agreement must be given to you as well as the lease agreement for both you and the landlord to sign.
<b>Periodic agreements</b>
These agreements are for an indefinite period until you either choose to move out or the landlord gives you written notice to leave.
Rent can increase once every six months either since you signed the lease agreement or since the last rent increase. The landlord must give you <u>60 days written notice before the rent can be increased. </u>