Posted by Mark Smith on July 17, 2000 at 13:41:26:
In Reply to: 2 year lease instead of 1 year posted by Linda on July 17, 2000 at 13:30:04:
Your two-year lease gives you a fixed rent for each of the two years. The alternative is a month-to-month lease, where the rent can be raised -- or the tenancy terminated -- with one month's notice.
: We were reviewing our lease before signing and it's a 2 year lease instead of 1 year, and after the first year our rent will increase by 5%. Signing a two year doesn't seem to give us any kind of benefit, but the company says that we can either take a 2 year or she will rent it to someone else. Is this fair practice? I thought signing a two year should have some sort of benefit to the tennant (like keeping the same rent amount for 2 years, but this provides none of that).
: please help, I don't know who else to ask. Thanks very much.
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