LEASE
FOR YEARS
A
lease for a fixed term. Both the commencement, and termination dates
are known or can be determined. ACT residential leases are typically
for a period of 12 months. Also known as a periodic lease.
An
ACT lease from the government is for a term of 99 years. Only the
government (the Crown) can grant a lease in perpetuity.
See:
tenancy
for a fixed term