periodic tenancy
Quick Summary
A periodic tenancy is a type of leasehold agreement where the tenant occupies a property for an indefinite period, continuing until either the landlord or tenant gives proper notice to end the agreement. This type of tenancy automatically renews itself for a set period, such as weekly, monthly, or yearly, unless terminated by either party. The required notice period is governed by law and mutual agreement. This contrasts with a fixed-term tenancy, which ends automatically at the end of the specified period. Periodic tenancies are common and can be established from week to week, month to month, or year to year.12
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