What is the typical duration of a lease?

In Washington, the typical duration of a lease is typically determined by the landlord and tenant. In most cases, a lease is either a short-term lease or a long-term lease. Short-term leases are typically for a period of six months or less and provide more flexibility for tenants and landlords. This type of lease is popular when tenants are uncertain about how long they need to rent the space. In addition, tenants can also end the lease early without penalty if they need to move. Long-term leases usually last one year or longer. This type of lease gives tenants and landlords more security, as tenants can expect to stay in the space they are renting for a longer period of time. Furthermore, landlords can ensure they will receive a steady stream of rental income over the course of multiple years. At the end of the lease, the tenant can decide to renew the lease if they wish. Both parties can also negotiate a new lease with different terms if they choose to do so. Overall, the duration of a lease in Washington depends on the preferences of the landlord and tenant. Short-term leases offer more flexibility, while long-term leases provide more security; ultimately, it is up to the two parties to decide what kind of lease works best for them.

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What is the typical duration of a lease?

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