Classification of rental property contract types: ordinary lease and fixed-term lease.
Overview
Rental Property Contract Types
Rental property contract types are broadly classified into two categories under the Land and Building Lease Act: ordinary lease contracts and fixed-term lease contracts. Ordinary lease contracts prioritize tenant housing stability and are automatically renewed upon expiration in principle. Fixed-term lease contracts, on the other hand, terminate definitively upon expiration, allowing landlords more flexible property management. Each contract type has different legal requirements and levels of protection, and should be chosen based on the resident's lifestyle and the landlord's operational objectives.
rental contract
Land and Building Lease Act
ordinary lease
fixed-term lease
real estate
housing
| code | slug | name | description | contractForm | legalBasis | renewalType | tenantProtection | typicalDuration |
|---|---|---|---|---|---|---|---|---|
| 01 | ordinary-lease | Ordinary Lease Contract | A standard rental contract form that is automatically renewed upon expiration in principle. | Non-formal (oral contracts acceptable) | Land and Building Lease Act Chapter 3 (Articles 26-37) | Statutory renewal (automatic) | Strong | 2 years (typical) |
| 02 | fixed-term-lease | Fixed-Term Lease Contract | A rental contract form without renewal that terminates definitively upon expiration. | Formal (written contract required) | Land and Building Lease Act Article 38 | No renewal (terminates upon expiration) | Limited | 1-3 years (flexible) |