By:
Jeffrey S. Bennett, Attorney at Law
Warren Allen, LLP
A Historical Perspective
For many years, landlords and tenants alike have been asking for Leases that provide long term stability and predictable expectations. When compared to month-to-month tenancies or commonly used fixed term Leases (e.g., one or two year Leases), long term Leases fulfill those objectives while providing the parties with some much desired peace of mind.
Long term Leases have been in use in California and other states for many years. More recently, a small handful of Oregon park owners began offering long term leasing opportunities to tenants. The reported responses to those leasing opportunities have been overwhelmingly favorable.