When letting rental properties most associate the term period to a six or 12-month tenancy.
There is no law that states that you can only enter into a six or 12-month tenancy.
It can often be prudent to negotiate an eight-month or 11-month tenancy to maximise your income.
If your property has a pool and you are renting the property in January you would not want to enter into a six-month tenancy as the property may become vacant in winter, making it more difficult to secure a tenant.
It is also financially beneficial to try and have the tenancy agreement expire during a high tenant-demand period (such as January or February) to reduce vacancy periods and obtain the highest possible rent.
When negotiating tenancy terms our office will take into consideration all of the market conditions to ensure that we are entering into an agreement that will maximise your income. ■
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