Fixed-term tenancies
A fixed-term tenancy is an agreement that covers a specific amount of time. The agreement is generally set down in writing. This written contract is called a lease. A lease may be for any period, but can range from as little as six months up to a year or more. The lease will state how much rent you have to pay, how often you have to pay it and other conditions. You are strongly advised to make sure that you understand the terms of the lease before you sign it. A lease is a binding contract between you and the landlord and contains important information on the terms of your tenancy. (In particular, it should contain information on what will happen if either of you break the terms of the agreement.)