periodic tenancy

Definition of "periodic tenancy"
  1. A form of tenancy where the agreement continues for specified intervals (like months) without a formal lease, and which may be ended by either the landlord or the tenant after a suitable notice period
How to use "periodic tenancy" in a sentence
  1. In a periodic tenancy, the renter can leave after giving notice, even without a signed lease.
  2. The landlord ended the periodic tenancy after the tenant failed to pay rent for two consecutive months.
  3. Under periodic tenancy, the agreement automatically renews after each interval, such as monthly, unless notice is given by either party.

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