mgrabulis
Nov 14, 2007, 07:59 AM
Twofold question:
Is there a maximum time for a residential lease term in the State of Florida? I've heard it's one year with options to renew, but a real estate agent told me it could be for more than one year at initial signing of the lease.
There is a tenant who wants to lease our property for 18 months. We agreed to a 1-year lease with an option for another 6 months. We don't want to scare them away. So, if an 18-month lease is legal in Florida, then what's the down side to making it a full 18 months rather than 12 with an option for 6 more?
Jim
Is there a maximum time for a residential lease term in the State of Florida? I've heard it's one year with options to renew, but a real estate agent told me it could be for more than one year at initial signing of the lease.
There is a tenant who wants to lease our property for 18 months. We agreed to a 1-year lease with an option for another 6 months. We don't want to scare them away. So, if an 18-month lease is legal in Florida, then what's the down side to making it a full 18 months rather than 12 with an option for 6 more?
Jim