What is a fixed term contract rent
The fixed term rental agreement is one of the most common rental agreements. The rental agreement itself includes a specific period of time for the period of the tenancy. This period can be for any amount of time that the landlord and tenant agree to, though many are either 6six, 12, or 15 months. A Fixed Term Lease Agreement is the most commonly used lease type. In this type of lease the duration of the tenancy is fixed, and when the term ends you may renew it for another term or choose to make the lease a Month-to-Month lease.