Duration of Tenancy (Lease)
A standard lease usually lasts for two years. Occasionally, three years may be agreed upon.
See also Break Clause
The security deposit is usually equal to two months’ rent and is retained by the Landlord for the duration of the Tenancy. This deposit is returned in full without interest, provided that there is no damage to the property beyond usual wear-and-tear.
Holding deposits are paid by a potential Tenant in order to secure the option to lease a property whilst details of the Tenancy Agreement are negotiated. It is advisable to ask for written confirmation that this deposit is refundable.
Provision for one car parking space in villas may be included in the rental price.
Break Clause (Early Termination)
Normally requested by the Tenant. Landlords may grant a Tenant the option of early termination of the Tenancy by giving prior written notice of one month. This provision is negotiable and normally depends on prevailing market conditions.