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Legal

Short-term lease

Rental contract of 3 years or less, renewable only once.

Full definition

A short-term lease is a rental contract lasting up to 3 years, renewable once under certain conditions. Unlike the 9-year lease, the landlord automatically recovers the property at expiry without needing to justify a reason.

Related terms

Residential lease

Lease agreement governing the rental of a property serving as the tenant's primary residence.

Rental guarantee

Security deposit paid by the tenant to cover potential damages or unpaid rent.

Buy-to-let investment

Purchase of a property with the intention of renting it out for income.

Useful links

Property pricesNotary feesEstimation

FAQ

Rental contract of 3 years or less, renewable only once.