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What's the Difference Between Short-Term Leases and Long-Term Leases? A short-term lease agreement lasts anywhere from three to six months, or can go month-to-month until the tenant decides to move out. Long-term leases are anything longer than six months and can go up to 15 months before needing to make a new lease.
A short term tenancy is classified as one that lasts for less than 6 months, but more often than not, they range from a couple of nights to a couple of weeks.
Under the Residential Tenancy Act (RTA), first and last month's rent are the only rental payments a landlord is allowed to request from a tenant in advance.
You can find short-term apartment leases for three months, six months, nine months or even month-to-month.
What Is a Short-Term Lease? A lease agreement is typically considered short term if it is signed for a duration of six months or less. A month-to-month lease is a common type of short-term lease, but short-term leases can also be weekly leases or any random duration of time that both the landlord and tenant agree to.