Types of rental agreements
Under the law, tenancy agreements do not have to be in writing, but it's better if they are.
There are two types of rental agreements.
- fixed term
You agree to rent a property for a fixed amount of time such as six or 12 months.
If you stay at the property after your lease has expired and a new tenancy agreement is not signed, and you are not asked to leave, the agreement becomes periodic.
You rent a property for an unspecified period of time. It can continue for an indefinite period until you or the landlord gives notice to terminate the arrangement.
Last updated: 27 June 2017