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The term 'Long Let' generally refers to a rental of no less than six months. Rent on long lets is generally lower and offer more advantages to the lessee.
Long Let agreements require a security deposit usually equivalent to one month's rent and the rent is paid generally monthly or quarterly in advance. These conditions can change depending on what has been agreed between the Lessor and the Lessee.
Rent is generally paid directly to the landlord or in some cases to the agency depending on the landlord’s wish. Payment of rent is nowadays also commonly done via internet banking.
The Lessee enters into a rental contract that binds him/her to a stipulated period of time usually exceeding six months. The contract will list general conditions that safeguard both the Lessor as well as the Lessee, specific clauses can sometimes be included depending on the agreement between both parties. Some standard clauses usually include prohibiting the Lessee from subletting the property and from keeping pets in the premises.