Pronounced: cherokie,cherokee,lease article What is a lease?
A lease is an agreement between two parties whereby they agree to share a property, but this agreement must be binding on both parties.
If the lease is not honoured, either party can ask the court to make an order to enforce the agreement.
In the event of a dispute, a court can order both parties to appear in court to discuss the dispute.
Leases usually last between four to six years, and can last anywhere between 20 to 40 years.
In Australia, lease agreements are normally used to secure the sale of land or land-related property, such as a car, to a new owner.
There are different types of leases, such and as listed below.
The term lease is the same for all lease agreements, including those which are for fixed periods.
For example, a lease may be for 12 months and a fixed period, or a lease of 10 years.
It is important to remember that lease agreements can be extended for longer periods of time.
A fixed period lease is a fixed term term for the purchase of property.
Lease agreements usually have an expiration date, but not necessarily the date of purchase.
This means that if a lease expires at the end of a fixed-term period, the buyer may be able to move the property to another owner without breaching the lease.
A lease agreement can also have an extension period, for example a period of 30 days to the end the lease agreement.
A short term lease, or an initial lease, is a term which lasts for a period which can be changed.
It can be a short term, or longer term, lease.
Leased properties are not owned by the owner of the lease, and the owner is usually not legally required to repay the money, unless the lease period has expired.
However, if the lease has expired, the owner may be liable for any amounts owed to the leaseholder.
For more information about lease agreements and other common lease terms, see our Landlord’s Landlord and Tenant page.
A simple lease is simply a short-term lease.
The lease gives the tenant a specific number of days to live on the property, and for the lease to be enforceable the tenant must sign a document stating that he or she will not move out for any reason within 30 days of the end date of the agreement and that he/she will pay the rent for the specified period.
A long-term or a variable-term contract is also a lease, but a fixed amount of time will apply.
The amount of the rent payable may vary depending on the duration of the contract.
Leasing agreements are usually not written in writing, and may have clauses in them which give the tenant the right to change the terms of the tenancy.
Leaking a lease can be expensive, especially if the tenant has been renting the property for a long period of time, as it will normally require the landlord to pay rent back to the tenant, either by way of a lump sum or by paying the tenant back the amount of rent that they have paid during the lease term.
This may cost more than the price of the property if the rental agreement is a long-lasting one.
For details on the types of lease agreements that are available in Australia, see Our Landlord Leases page.
The key point to remember is that lease contracts are not legal agreements, but they can help you to understand what happens if a property is left unoccupied.
The property must be rented to a tenant who is legally entitled to it, and who is not a criminal, as long as the tenant is a resident of Australia.
If you have any questions or concerns about a lease agreement in your area, contact a local Landlord Licensing Authority.
Leasers are required to give you all the information about the lease which is required under the lease contract, such is the right of notice.
For information on what to do if you are in dispute, contact the Australian Competition and Consumer Commission.
Leaases can also help you resolve other disputes between you and the landlord.
Contact the local Landlords Licensing Authorities to find out more about lease and dispute resolution arrangements.
Leaser Lease Terms: What are the different types?
A short- term lease or a fixed lease: A short fixed term lease will usually give the owner a specific amount of days, up to six months.
The length of time this can last varies depending on what is in the lease terms and conditions.
For instance, a short fixed lease may give the lease holder up to five years, or ten years for a short, or two years for the short term.
The tenant will usually pay a percentage of the value of the leased property over a period commensurate with the value at the time of purchase, for instance, the value in the first week of the rental period may be about $1,