What Is a Periodic Tenancy in Property Management?

What Is a Periodic Tenancy?

A periodic tenancy is a rental arrangement that continues on an ongoing basis with no fixed end date. Instead of running for a set term (such as six or twelve months), the tenancy automatically renews at the end of each rental period.

The rental period is usually based on how often rent is paid, such as:

• Weekly
• Fortnightly
• Monthly

The tenancy continues until either the landlord or tenant gives proper notice to end it.

What Is a Periodic Tenancy Agreement?

A periodic tenancy agreement outlines the terms and conditions that apply during an ongoing tenancy. In many cases, it begins when a fixed-term agreement expires and neither party signs a new fixed contract.

The agreement typically includes:

• Rent amount and payment frequency
• Notice periods for ending the tenancy
• Responsibilities for maintenance and repairs
• Rules around rent increases

Even without a fixed end date, the agreement is still legally binding and must follow relevant tenancy laws.

Avoid surprises - learn how a Notice of Rent Increase works today.

Difference Between Fixed-Term and Periodic Tenancy

Understanding the difference between a fixed-term tenancy and a periodic tenancy helps landlords and tenants choose the right rental arrangement based on stability and flexibility.

Fixed-Term Tenancy vs Periodic Tenancy

How Does a Periodic Tenancy Work?

Once a tenancy becomes periodic:

• Rent continues to be paid on a regular cycle
• The tenant can stay in the property indefinitely
• Either party can end the tenancy by giving the required notice
• Rent increases can occur, subject to legal notice requirements

Advantages of a Periodic Tenancy

For Tenants

• Greater flexibility to move without waiting for a fixed term to end
• No need to renegotiate or sign a new agreement frequently
• Suitable for short-term or uncertain living arrangements

For Landlords

• Continued rental income without committing to a long fixed term
• Easier to regain possession of the property when needed
• Ideal when planning future renovations or property sales

Did you know: Landlords must give proper Rent Adjustment Program or ending the tenancy, usually 21–60 days depending on the state..

Disadvantages to Consider

While flexible, periodic tenancies can have downsides:

• Less long-term certainty for both parties
• Higher tenant turnover
• Shorter notice periods compared to fixed-term leases

For property managers, this makes proactive planning and tenant communication essential.

Ending a Periodic Tenancy

Ending a periodic tenancy requires written notice from either party. The notice period depends on local tenancy regulations and the rental payment cycle.

Key points to remember:

• Notice must be given correctly and on time
• Rent must continue to be paid during the notice period
• Property condition and final inspections still apply
• Failing to follow proper procedures can lead to disputes

Managing Periodic Tenancies Efficiently

Managing ongoing tenancies can become complex, especially when handling multiple properties. Modern property management software helps by:

• Tracking tenancy types and notice periods
• Automating rent reminders and records
• Storing periodic tenancy agreements securely
• Reducing errors and compliance risks

This ensures smoother operations and better tenant relationships.

Download RentAAA Application

Your easily rental management solution

Conclusion

A periodic tenancy offers flexibility for both landlords and tenants, making it a common arrangement in property management. While it removes the pressure of fixed end dates, it also requires clear agreements, proper notice handling, and good management practices.

Understanding how a periodic tenancy agreement works helps everyone involved avoid confusion, stay compliant, and maintain a positive rental experience.

Nsw rental bond, tenancy check , residential tenancy , landlord software, property-management fees & rental ledger.

FAQs