Periodic or Fixed Term Tenancy?

It’s important to ensure that you fully understand both the Landlords and Tenants rights before offering a Periodic or Fixed term Tenancy. A Tenancy Agreement is a legally binding contract and failure to understand what you are entering into may see you end up at the Tenancy Tribunal Court.

You need to ask yourself whether your situation may change and if so having a Periodic Tenancy will give you a greater degree of flexibility. For example if there is any chance you may need to sell the property in the short term you may want the ability to sell.

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