A long-term lease is five years or more.
Many tenants would prefer to live in their rental for much longer than a typical 12-month lease, so a longer term lease can offer stability for both renters and landlords.
Benefits for landlords:
Enjoy a guaranteed ongoing tenancy
Long-term rentals are in high demand
Know your income over the lease period
Reduce your property's time on market -You want to find a great tenant, but you probably don't want to go through the process and find a new one every year or two.
A long-term rental lease can offer you stability of income, ensures your property stays tenanted and guarantees a steady stream of funds.
This type of lease will also help you calculate your return on investment over a longer period.
Don’t forget to use RealRenta to automatically manage the tenancy and save thousands of your rental income every year.
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Thursday, 23 May 2019