The advantage is longer-term security and knowing where the other party is. This is especially true for families with a child of compulsory school age, where renewal is a sign of commitment and planning for the future. I receive one-month contracts, after 3 consecutive months, the owner of the company says: „Don`t worry about the 4-month contract, we put an automatic extension“. I think the work I do at month 4 is paid at the end of the month and takes a risk? My gut tells me that one-month inclusion contracts are not combined with 3-month contracts and allow me to access the renewal clause. I certainly don`t want to work for a month to find out otherwise. A „holdover“ clause is a kind of automatic extension. According to the law, if a tenant stays on the land with the agreement of the landowner, he creates a lease, usually from one month to the next. The landowner can change the conditions of this type of rental, usually with a period of thirty days or sixty days. Either the landowner or the tenant can terminate this type of rental agreement with the same period. The concepts of lease and lease are often used synonymously, but are very different. Leases offer more flexibility for landlords and tenants, leases offer more stability. Learn the main differences between these two types of housing. A joint lease agreement becomes periodic if one of the tenants remains, unless there is a new agreement.
`Notwithstanding the provisions of a residential tenancy agreement to apply an automatic renewal clause of a rental agreement for an initial term of two months or more, which in fact stipulates that the term shall be deemed to be extended for a specified additional period of two months or more, unless the lessee announces to the lessor the intention to leave the premises after the expiry of the prescribed period, the landlord must inform the tenant as provided in this section….