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Expiry and cancellation Parties usually agree to a fixed lease period, such as 6 or 12 months. After this period, unless the parties agree to renew the lease, it comes to an end. During the lease, the tenant or landlord may claim the other party has breached the lease and seek to cancel the lease.

A contract of lease is a reciprocal agreement in terms of which one party (the landlord) undertakes to give the other party (tenant) the temporary use and enjoyment of a thing, wholly or in part, in return for the payment of a sum of money or a share in the fruits of the property, generally referred to as ?the rent?.

This is a lease for a period of not less than ten years, on which has been computed for the natural life of the lessee. This includes a lease which is renewable from time to time at the will of the lessee indefinitely. If it is not registered, it is not binding for a period in excess of ten years.

What should I include in a lease agreement? Terms. The lease should state the length of the agreement. Rent. The amount of rent and when it is due. Deposits and fees. ... The names of all tenants. ... Occupancy limits. ... Restrictions on disruptive activity. ... Pets. ... Maintenance and repairs.

In the law of several US states, a 99-year lease will always be the longest possible contract for realty by statute, but many states have enacted shorter terms and some allow infinite terms.

A long lease (in longum tempus) must be notarially executed and registered against the title deed of the leased property. This is a lease for a period of not less than ten years, on which has been computed for the natural life of the lessee.

By this definition, part of the essentialia (essential terms of the contract) include temporary use and enjoyment of the object/res (rights of a beneficiary to the fruits of the leased object may be catered for) and rental to the lessor.