Final answer:
A tenancy for years agreement typically must be in writing if it's for more than one year because of the statute of frauds. Oral agreements may be binding for shorter periods, while written notices are usually required for termination of the lease. A clear, well-communicated agreement and termination process benefit both the landlord and tenant.
Step-by-step explanation:
Can a tenancy for years agreement be oral? The requirements for a tenancy for years—also known as a fixed-term tenancy—vary by jurisdiction, but generally, a tenancy for years must be in writing if it is for a period longer than one year due to the statute of frauds, which requires certain contracts to be in writing to be enforceable. An oral agreement might be legally binding for shorter rental periods, depending on local laws. Written notices are often required for the termination of tenancies, and renters are typically required to return keys and leave the unit clear of all belongings.
With considerations to the Plain Writing Act of 2010, a simplified version of the termination clause in a New Jersey rental agreement might read: When the lease is up, it can turn into a month-to-month lease unless either the landlord or tenant says otherwise. If either wants to end it, they need to give the other a 30-day notice. Everything must be moved out and keys returned for the place to be considered empty. If there's stuff left after the lease end date, or if someone stays without permission, they might need to pay more.