Florida Residential Lease Agreement More than One Year
If you are a landlord or a tenant in Florida, it is important to understand the legal requirements of creating a residential lease agreement. One of the key decisions that you will need to make is deciding on the length of the lease term.
In Florida, a residential lease agreement that is more than one year in length must be in writing and signed by both the landlord and the tenant. This requirement is in accordance with Florida Statute ยง 689.01, which governs the creation of lease agreements.
When creating a lease agreement that is more than one year in duration, it is important to include specific provisions that address the length of the lease term. This includes provisions regarding renewal options, rent increases, and other important terms.
One of the key benefits of having a lease agreement that is more than one year in length is that it provides greater stability for both the landlord and the tenant. This can help to prevent turnover and ensure that the property is well-maintained over the long term.
However, it is important to note that creating a lease agreement that is more than one year in duration also comes with additional legal requirements and considerations. For example, landlords must provide tenants with written notice of any rent increases at least 60 days prior to the renewal of the lease.
Additionally, tenants may have the right to terminate the lease early under certain circumstances. For example, if the landlord fails to maintain the property in accordance with Florida law, or if the tenant is called to active military duty, the tenant may be able to terminate the lease early without penalty.
Overall, if you are considering creating a residential lease agreement that is more than one year in length in Florida, it is important to work with an experienced attorney or legal professional to ensure that your agreement is in compliance with all applicable laws and regulations. By doing so, you can help to protect yourself, your property, and your tenants.