periodic tenancy
- 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
- In a periodic tenancy, the renter can leave after giving notice, even without a signed lease.
- The landlord ended the periodic tenancy after the tenant failed to pay rent for two consecutive months.
- Under periodic tenancy, the agreement automatically renews after each interval, such as monthly, unless notice is given by either party.
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