The New Hampshire Standard One (1) Year Lease Agreement is a common example of a long term Residential Lease, common enough to be considered the basic example of this kind of lease. Unlike a Month to Month Lease, this kind of lease can only terminates when it has run its course or if the landlord has cause and cannot be altered or renegotiated until it has terminates.
A long term lease is significantly less flexible than a Month to Month Lease, as it requires that a landlord have cause and go through the eviction process in order to remove a problematic tenant. Similarly, if a tenant is forced to leave a property before the lease has ended, they may find themselves financially responsible for the rent until the landlord finds a new tenant. It makes up for this by providing both parties with a sense of security.
Both landlord and tenant should be completely sure the tenant will be remaining in the area for the entirety of the lease and that the tenant is financially capable of maintaining the lease. The landlord will typically want the tenant to complete the Rental Application Form before signing.
All of New Hampshire’s lease laws can be found in New Hampshire Revised Statutes Annotated Chapter 540.
- If the tenant pays their security deposit in a form other than check, the landlord is required to issue them with a receipt for the deposit. In either case, the landlord is required to disclose the name and address of the financial institution where it is being held.
- Federal law requires that the landlord disclose the presence of any lead paint based hazards on or around the property.