This is a tenancy and not a lease and can be for a short term between 6-12 months. The main difference with a lease is that a lease is usually granted for a term of longer than 21 years.
« Back to Glossary IndexThis is a tenancy and not a lease and can be for a short term between 6-12 months. The main difference with a lease is that a lease is usually granted for a term of longer than 21 years.
« Back to Glossary IndexLEASE is governed by a board, appointed as individuals by the Secretary of State for the Ministry of Housing, Communities & Local Government.