Lease Agreements

Understanding Your Rights & Responsibilities

A lease agreement is a legally binding contract outlining the terms of your tenancy.

Key Lease Terms

• Lease Duration – Fixed-term (e.g., 12 months) or periodic.

• Rent Payments – Due dates, methods, and late payment penalties.

• Tenant Responsibilities – Keeping the property in good condition and reporting maintenance issues.

Lease Renewals & Ending a Lease

• Renewals are offered before lease expiry if both parties agree.

• If you wish to break a lease early, you may be responsible for costs (advertising, rent until re-let, etc.).