Whether you’re a landlord or a tenant, it’s important to know the differences between a periodic tenancy and a fixed-term tenancy so you can choose the one that suits you best.
Periodic tenancy
A periodic tenancy agreement has no end date. It continues until either the tenant or the landlord gives written notice to end it.
Giving notice to end a tenancy
Fixed-term tenancy
A fixed-term tenancy agreement lasts for a set amount of time – eg, 1 year. There is no maximum length for a fixed-term tenancy. You must include the length on the tenancy agreement.
You can’t give notice to end a fixed-term tenancy early.
Once a fixed-term ends, the tenancy will automatically become periodic unless the landlord or tenant give the correct notice, they come to an agreement together, or the tenant exercises their right to renew if applicable.
You should make sure a fixed-term is right for you before you sign the agreement.
Find out more about expiry of a fixed-term tenancy
Ending a fixed-term tenancy early
Short fixed-term tenancy
If the fixed-term is 90 days or less, it is a short fixed-term tenancy.
Last updated: 02 6月 2023