Common use of Fixed Lease Option Clause in Contracts

Fixed Lease Option. The Landlord and Family Member must decide on the length of time the commitment being made here should last. If both agree to preserve this lease for a given amount of time then, it would be considered a fixed lease and must have the start date and end date documented once this option is selected. Notice, this requires further definition in that once the termination date passes, this agreement can be set to either continue as a month-to-month or require the Family Member (Tenant) to vacate.

Fixed Lease Option. The Landlord and Family Member must decide on the length of time the commitment being made here should last. If both agree to preserve this lease for a given amount of time then, it would be considered a fixed lease and must have the start date and end date documented once this option is selected. Notice, this requires further definition in that once the termination date passes, this agreement can be set to either continue as a month-to-month or require the Family Member (Tenant) to vacate.