How does a periodic tenancy differ from other lease agreements?

A periodic tenancy is characterized by its automatic renewal feature at the end of each period, which distinguishes it from other lease agreements that may have fixed terms or specific end dates. In a periodic tenancy, the lease continues indefinitely from one period to the next—such as week to week or month to month—until either party provides appropriate notice of termination. This arrangement offers flexibility since tenants and landlords can adjust their occupancy or rental agreement as needed, as long as proper notice for termination is given.

While other lease agreements might specify fixed start and end dates, a periodic tenancy lacks that rigidity. Also, not all lease types require a formal notice to terminate; however, for a periodic tenancy, such notice is essential to end the tenancy after the current period concludes. The structure of a periodic tenancy allows for continuity without the need for constant renegotiation or drafting of new leases, reflecting a more adaptable approach to rental agreements. This automatic renewal aspect is key to understanding what sets periodic tenancies apart from fixed-term leases and other forms of rental agreements.