Fixed:
These leases are designed for a specific period of time. The tenant is bound to pay the rent until the fixed term ends. Please refer to break of lease section in order to break the lease before the fixed tenancy finishes.
Periodic:
Periodic tenancy can be terminated by giving 21 days’ notice. Periodic tenancy is normally followed by a fixed team lease. Please note periodic leases can only be made unless the landlord approves it.