Lease terms - 6 or 12 months?
Sep 7th 2009, 5:48 am
#1
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Lease terms - 6 or 12 months?
I am about to sign a rental lease and not having rented before in Perth was wondering what advantages there in taking a 12-month term over a 6-month one. Will the rent be fixed only on the longer term or are all terms covered to the extent that rents can not increase by a certain percentage?
Sep 7th 2009, 7:23 am
#2
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Re: Lease terms - 6 or 12 months?
I am about to sign a rental lease and not having rented before in Perth was wondering what advantages there in taking a 12-month term over a 6-month one. Will the rent be fixed only on the longer term or are all terms covered to the extent that rents can not increase by a certain percentage?
12 months gives you more security.
They will probably have a rent review clause after 6 months, doesnt mean it will give up though.
Sep 7th 2009, 8:10 am
#3
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Re: Lease terms - 6 or 12 months?
I guess my dilemma is I haven't yet decided if I want to rent for 6 or 12 months. Originally I wanted to see how things worked out before buying. Maybe holding off buying is less risky than buying soon.
Sep 7th 2009, 2:57 pm
#4
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Re: Lease terms - 6 or 12 months?
I ended up doing a 16 hour work day for 12 months due to getting a new job at the other side of the city
I would take this into account.
Sep 7th 2009, 4:58 pm
#6
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Re: Lease terms - 6 or 12 months?
I am about to sign a rental lease and not having rented before in Perth was wondering what advantages there in taking a 12-month term over a 6-month one. Will the rent be fixed only on the longer term or are all terms covered to the extent that rents can not increase by a certain percentage?
Sep 8th 2009, 1:51 am
#7
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Re: Lease terms - 6 or 12 months?
I believe that real estate agents need a separate or an amendment to their licence to be able offer 3-month leases.
Sep 8th 2009, 11:15 am
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Re: Lease terms - 6 or 12 months?
Sep 8th 2009, 4:14 pm
#9
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Re: Lease terms - 6 or 12 months?
That sounds promising just have to wait and see what is available when we get there
Sep 9th 2009, 12:36 am
#10
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Re: Lease terms - 6 or 12 months?
If you take a 6 month lease it will automatically 'roll' on after 6 months unless you terminate it in accordance with the terms of the lease. If your job is certain, take 12 months. If there is any uncertainty, I would go for 6 and let it roll on after that. 
Sep 9th 2009, 12:43 am
#11
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Re: Lease terms - 6 or 12 months?
You're lucky they're only asking 6 to 12 months...we're one of two families vying for a place that is almost brand new, close to my husband's work, and a decent enough size in a good neighborhood and the landlord is asking for a 2 year lease. Since the other family was willing to lease that long, we said that we would as well. So, I guess we won't be buying for a couple of years (well, we were looking to build, so realistically by the time we get a mortgage and build, it could be 18 months anyway).
