A tenancy agreement should contain at least:
- the condition of the apartment
- the term of tenancy – fixed or until further notice
- the rent amount
- date and mode of rent payment
- other charges
- rent adjustment provisions – known as adjustment clauses
- security deposit details, if applicable. Do not pay any money before a legal agreement is made by signing a written lease agreement.
A tenancy agreement can be in force either until further notice or for a fixed period. If the lease of residence is valid for a fixed period, the end date is specified in the agreement at the time that agreement is made. Tenancy will end on the specified date with no separate notice. A lease agreement for a fixed period is binding on both parties for the entire period and it cannot be terminated before the end date.
Another, and most common, possibility is to make the lease of residence so that it is in force until further notice. Provided there no special conditions in the lease concerning the first possible date for giving notice, both parties can give notice to the other whenever they want following the stipulations and times of notice in the law regulating renting. When the lease of residence is valid until further notice, the times of notice are as follows: If the landlord gives notice before the tenancy has lasted for a year, the time is three (3) months. After one year, for the landlord, the time is six (6) months. If the tenant gives notice, the time is always one (1) month. If you want an agreement that is in force until further notice to last for at least a certain period, it is possible to state a first possible date to give notice. Notice must be given in writing.