May 14 2017, 05:53 PM
QUOTE(Endless_tale @ May 14 2017, 03:42 PM)
Dear all masters,
I need your good points that what is the benefits and issues will have if let say my tenant voice out or agree to sign a tenancy agreement for 5 yrs but for sure the rental price can't be amend once the agreement is signed. Should I add some conditions like increase his rental by 1 to 3 % in every year(within 5 yrs). Or if there is any breach should compensate for 2 months etc.
Thank you.
Depend what clause u put into agreement mah.. Usually long lease will not so easy on breach la like compensate for 2 months.. Imagine if u lease to mc Donald and do u think they will agree if u compensate 2 months for breach after invested so much on reno n marketing I need your good points that what is the benefits and issues will have if let say my tenant voice out or agree to sign a tenancy agreement for 5 yrs but for sure the rental price can't be amend once the agreement is signed. Should I add some conditions like increase his rental by 1 to 3 % in every year(within 5 yrs). Or if there is any breach should compensate for 2 months etc.
Thank you.
Second anything more than 3 years is lease.. Unless u put 3+2
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