What is the standard length of a residential lease agreement?

The standard length of a residential lease agreement is typically 12 months. This duration is common because it provides a good balance between stability for both landlords and tenants. A 12-month lease allows landlords to ensure a steady rental income and gives tenants a sense of security in their living situation, knowing they have a full year before needing to consider renewal or relocation.

While shorter leases, such as 6 months, can provide flexibility for tenants who may not wish to commit long-term, they can also lead to more frequent turnover, which may not be ideal for landlords. Longer leases, such as 18 or 24 months, could also be used, but they are less common as standard practices, especially for residential properties where a one-year commitment tends to be the norm. This 12-month period allows both parties to negotiate terms effectively and provides sufficient time for either party to find a new tenant or suitable housing before the lease ends.