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

I doubt if there is any minimum or maximum term for leases. This is something that is negotiated between landlord and tenant.

If the option has to be approved by both parties or at the landlord's discretion, then the tenant is at a disadvantage over an 18 month lease. If the tenant is the one who has to exercise the option, then its to their advantage over a 18 month term.

Quote:

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Originally Posted by ScottGem

I doubt if there is any minimum or maximum term for leases. This is something that is negotiated between landlord and tenant.

If the option has to be approved by both parties or at the landlord's discretion, then the tenant is at a disadvantage over an 18 month lease. If the tenant is the one who has to exercise the option, then its to their advantage over a 18 month term.

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That's what I thought (re who has advantage). Thank youuuu! :D