What is a Periodic Lease?
A periodic lease or a periodic tenancy is a tenancy agreement that continues on a monthly, weekly, quarterly or yearly basis. A periodic lease has no end date unless the tenant or the landlord issues a termination notice with the end date.
A periodic lease is also called a rolling contract as it rolls over to the next period without any changes in the original contractual terms.
Like what you just read? Well, there’s a lot more where that came from
Subscribe to our FREE monthly newsletter for the best property content on the internet!
Disclaimer: The views, information, or opinions expressed in this blog post are for general information purposes only and should not be relied upon. We have not taken into account specific situations, facts or circumstances, and no part of this blog post constitutes personal financial, legal, or tax advice to you. You should seek tax advice from your accountant, specific to your situation.