To give renters greater long-term security, the Government is making long-term leases a reality.
Standard long-term agreement
A new optional standard long-term lease agreement available for landlords and tenants wishing to enter into arrangements of more than 5 years.
The new standard long-term lease agreement will be developed in consultation with key stakeholders during 2017. It will include terms that are specifically tailored to a longer term agreement, which may include:
allowing tenants to install fixtures (minor non-structural alterations)
revised notice periods for entry of rented premises and inspections
different notice periods for termination at the end of a long-term tenancy.