a periodic tenancy is a tenancy referring to a specific period, whether that is weekly, monthly, quarterly or yearly. if the landlord continues to accept this rent; then a periodic tenancy will arise. a periodic tenancy is likely to arise despite the lack of written agreement. the term of the periodic tenancy will be in accordance with the rent schedule – if a tenant paid rent monthly in the previous agreement it will become a monthly periodic tenancy, if quarterly then it will be quarterly. in order for a landlord to end a periodic tenancy, they must serve a minimum of 2 months’ notice or a complete period of the tenancy, whichever is the greater, ending on the last day of the period.
again, the minimum period is a complete period of the tenancy, but the absolute minimum period is lowered to one month rather than two. a periodic tenancy is considerably more flexible than a fixed-term tenancy, particularly if the tenancy runs monthly. this is particularly helpful if both parties are content with the current arrangement; it saves money, time and effort on both sides to allow the tenancy to become a periodic tenancy as opposed to renewing the tenancy agreement. this can leave a tenant searching for somewhere to live, or a landlord with no tenant and therefore, no rental income. this becomes an even larger problem for a landlord if works are required in order to attract a new tenant and make the property look presentable.
this article will explain what a periodic tenancy is and the correct procedures to follow. this type of tenancy occurs when the fixed term of a tenancy comes to end and the tenant remains in the property with the landlord accepting it. in contrast, this type of periodic tenancy is set out by a clause within the contract between the tenant and the landlord. the notice period for a periodic tenancy from the landlord will be 2 months’ written notice. a tenant on the other hand can end the periodic tenancy at any time that they wish.
it is often the case that an assured shorthold tenancy runs into a periodic tenancy after the initial term of the tenancy ends but this is not a formal requirement. this means that after the fixed term ends, the tenancy will become a rolling periodic tenancy unless the tenant and landlord agree to enter into a new fixed term. if the periodic tenancy is a statutory one, the landlord should provide the tenant with an updated how to rent letter since the agreement is technically an updated agreement to the original contract. if no clause is given, a section 13 notice must be used to increase the rent, but only after the end of the fixed term tenancy and 12 months’ after the tenant first moved in. a landlord must use a section 13 notice to increase the rent, but this can be served at any time – there is no need to wait until 12 months’ have passed. if you are interested in finding out more about legislate for you contracting, why not sign up, arrange a call with the team or download a whitepaper.
a periodic tenancy is a tenancy that continues for successive periods until the tenant gives the landlord notification that he wants to end the tenancy. a periodic tenancy is a tenancy referring to a specific period, whether that is weekly, monthly, quarterly or yearly. it may also be referred to periodic tenancies, also known as a rolling tenancy or rolling contract, run periodically, which means on a monthly basis or even week to, periodic tenancy example, periodic tenancy example, periodic tenancy vs tenancy at will, periodic tenancy uk, can a landlord end a periodic tenancy.
a periodic tenancy agreement has no end date. it continues until either the tenant or the landlord gives written notice to end it. if it is a statutory periodic tenancy, tenants must give at least 1 months’ notice for a monthly contract or at least 4 weeks’ notice for a weekly contract. the notice must end on the first or last day of the tenancy period. a month-to-month tenancy is categorized as a periodic tenancy in which the tenant in situations wherein there is no written agreement, tenancy is also rolling tenancy contract with no end date. fixed-term tenancy with a clause saying it would become a periodic contract when the fixed term ended. a statutory a periodic tenancy is the legal name for a rolling tenancy with no fixed end date. an assured shorthold tenancy becomes periodic when a, periodic tenancy eviction, implied periodic tenancy, what is a statutory periodic tenancy, tenancy at sufferance.
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