When a tenant signs their lease document and takes possession of their property, they should be fully aware of the following:
- They are entering into a ‘FIXED TERM’ lease agreement, where they are agreeing to all terms and conditions of the lease for the full term of the lease. For example, your agreed rent is payable for the full term of the lease.
- While the lease aims to cover all eventualities or disputes that may arise, tenants or landlords may also reserve the right to refer to ‘The Private Residential Tenancies Board’ for further clarification, mediation or adjudication.