How to start a long-term lease

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If you have decided that a long-term lease is right for you, there are a number of ways you can start one.

Switching from a short-term lease

If you are currently in a short-term lease agreement – any fixed-term lease of up to five years, or a month-to-month agreement with no set end date – and would like to move into a long-term lease, speak to your landlord/property manager or tenant about this. You can:

  • mutually agree to end your current lease early and start a long-term lease. If you decide to do this, make sure you both agree on the terms of the long-term lease agreement before ending the short-term lease
  • wait until the short-term lease ends and then start a new long-term lease agreement.

You can use the information on our About long-term leases and Is a long-term lease right for you? pages.

Remember - the long-term lease agreement (Form 2) is tailored specifically to suit a longer rental period, so has additional features and options.


New lease agreements

If you are looking to rent a property for the first time, it’s a good idea to start with a short-term lease – for example, 12 months – to see if the arrangement is right for you.

If you are happy with your tenant, landlord/property manager, you can have a discussion towards the end of the 12-month lease about whether the other party would be willing to switch to a long-term lease.

You can find rental properties that are open to long-term leases by visiting the Long-term leases page on the website.

Getting legal advice before signing a long-term lease

You may wish to get professional legal advice before you sign a long-term lease. You can find legal practitioners through the Law Institute of Victoria’s legal referral service.