Renting Guide
Periodic tenancy meaning: Fixed term vs. periodic compared
What’s the difference between a fixed term and a periodic tenancy? Let’s take a closer look.
AI summary
Understanding the difference between periodic and fixed-term tenancies is crucial for landlords and tenants. A periodic tenancy has no set end date and continues until one party gives written notice.
Tenants must provide 28 days' notice to end the agreement. Landlords must give either 63 or 90 days' notice, depending on the reason, such as selling the property or moving in. In contrast, a fixed-term tenancy automatically becomes periodic after its specified end date.
Meaning of ‘periodic tenancy’
Giving notice to end a periodic tenancy
Tenants
Landlords
Make sure you know how your tenancy agreement works before you move in or sign.
Landlords can also apply to the tenancy tribunal to end a periodic tenancy if
The difference between fixed term and periodic tenancy
Author
Discover More
This former theatre could be yours, just prepare to pay $3.8m to do it up
Details released for the sale of a former theatre in Dunedin, which requires an estimated $3.8m renovation to fix up.
The priciest property sales this year: Auckland and Queenstown dominate but other towns almost broke in
Explore the 10 priciest property sales of the year. Discover why Auckland and Queenstown dominate the luxury market.
Search
Other articles you might like
