apartment rentals - what type of rental is 8 months considered?
what type of rental would 8 months be considered? short term? annual? it kind of walks the line between both.
Public Comments
- Short term lease - Typically any lease less than 6 months would be considered a short term lease. Common short term leases are month to month and 3 month leases. So at 8 months it is debatable what they would call it, I would say a mid term lease...lol Long term lease is anything in excess of one year.
- Most apartment rentals in Montreal have only two contract types: 1) Monthly agreement with automatic renewal, which lets the lessee rent the apartment for periods of less than a year. Payment is made monthly at the beginning of the month, and usually requires you to leave a minimum one month deposit, and you must notify the landlord a certain number of days prior if you plan to terminate the lease. The landlord can raise the rent when desired providing written notice ahead of time, since you do not have an annual contract. Landlords do not generally like short-term leases as it is too easy for the tenant to leave and he will be stuck in the off season with an empty apartment that he still has to pay bills on. 2) Annual contract, which guarantees you an apartment for one year at a set price, usually from July 1st to June 30th. Rental payments are on the 1st day of each month, and the rental rate can only go up upon renewal of the lease. If the rate goes up, you have the option of accepting, negotiating a lower price, getting an arbitration from the Quebec rental board, or leaving. So what would 8 months be? It all depends on the landlord. If he offers an 8 month lease, then you are the same as a yearly contract, and have a binding agreement that lasts eight months. Prior to the end of that 8 months, he will send you a registered letter advising you of the new terms, which might be to sign a new lease for a full year, or to get the heck out so he can get a new tenant in there who will agree to a standard lease of a year.
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