A periodic tenancy is a type of lease agreement that continues for successive periods until the tenant gives the landlord notification that they want to end the tenancy. This tenancy can be created expressly, or by implication, such as when a lease does not mention the duration of the tenancy, but arrangements were made for payments to be made at certain intervals (e.g. month-to-month). For termination of a periodic tenancy, notice must usually be given at least equal to the length of the period of the tenancy itself, unless the parties agree to different terms for termination.
[Last updated in January of 2024 by the Wex Definitions Team]
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