There are two types of tenancy agreements which can be entered into.
A ‘fixed term’ agreement is where the tenant and landlord are locked into the lease for a set period of time, i.e. 6 or 12 months. Once this period expires, if the tenant wishes to stay in the property they may enter in to what is known as a ‘periodic’ agreement, which runs week to week, unless a new ‘fixed term’ agreement is signed.
To end a ‘fixed term’ agreement:
- the tenant is required to give a minimum of 14 days written notice
- the landlord is required to give 30 days minimum written notice prior to the lease end date
- may also be ended if a party has breached the agreement
To end a ‘periodic’ agreement:
- the tenant is required to give a minimum of 21 days written notice
- the landlord is required to give 90 days minimum notice
However, should the property be listed for sale without a sales clause in the lease agreement:
- the tenant can terminate the lease at any stage giving a minimum of 14 days notice
- landlords can not terminate a ‘fixed term’ agreement is this manner
- if the tenant is on a ‘periodic’ agreement the landlord can give the tenant 30 days notice
Please be advised this is just a general guide. For more detailed information on these lease terms and notice periods, please contact our Tenancy Management team.