periodic tenancy


Also found in: Financial.

periodic tenancy

n
(Commerce) social welfare the letting of a dwelling for a repeated short term, as by the week, month, or quarter, with no end date
References in periodicals archive ?
If you have a periodic tenancy (which has no fixed end date), you still have to give the landlord notice before you leave.
A trouble-free first six months would see the tenancy moved to an ongoing periodic tenancy.
You can use a Section 21 notice if: | your tenants have a written assured shorthold tenancy (AST) or statutory periodic tenancy agreement | you put their deposit in a deposit protection scheme if the tenancy started after April 2007 | A Section 21 notice givs tenants at least two months' notice to leave the property.
If the tenancy has lapsed into a Periodic Tenancy, a tenant will typically have to give at least one rental period of notice.
3) Its unique fact pattern makes it useful as a means of helping students understand the differences among leaseholds for a term of years, the periodic tenancy, and the tenancy at will.
It then becomes a periodic tenancy as described above and if you want to end the tenancy, you still have to serve a notice.
With a periodic tenancy such as this, where there has not been a breach of any of the terms of the tenancy agreement you must provide the appropriate statutory notice of two months' notice.
Occupation by licence, periodic tenancy and tenancy at will are the three scenarios that are most likely to arise if a tenant takes up early occupation of a building and it is therefore important for landlords understand how this impacts on the rights and responsibilities of both parties," said commercial property specialist Louisa Jakeman.
The benefit of an assured short hold tenancy to a landlord is that a minimum of two months notice can be served either to coincide with the end of the contractual term, or following that, to coincide in any month with the last day of the periodic tenancy, and this will terminate the letting.
In a recent case, the tenant wished to vacate the premises but found itself liable for 13 months' rent, an amount of circa PS185,000, after it was judged that a periodic tenancy had come into existence.
The most common form of periodic tenancy is a month-to-month tenancy.
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