There are two (2) types: the shorter the duration (your stay in the apartment), say a year, the more freedom you have to renew or withdraw your lease. Conversely, a longer duration allows you to secure a certain rent (no price increase!), even if there is a degenerate clause for the following years. If you leave before the end of the period, you will lose your deposit. and if the landlord wants to sue you, you have to pay the full rent over the course of the term, whether you live there or not. “Premises” are simply the exact address and type of property that is rented, such as an apartment, house or condo. You don`t have to have your lease certified notarized, as leases are generally considered short-term contracts. Rental terms are usually from month to month, three months, six months or one year. It can open the door to many qualified tenants who are looking for a short-term rental that can be in high demand close to the university campus or major hospitals….