What is a periodic lease WA?

Back to WA FAQ. What is a Periodic Tenancy? A periodic tenancy is an agreement that runs for an indefinite length of time; there is no set finishing date. A periodic tenancy can be written or verbal. Rent may be payable weekly, fortnightly, monthly or any other period agreed by you and the owner.

What are the terms of a periodic tenancy?

A periodic tenancy is a tenancy referring to a specific period, whether that is weekly, monthly, quarterly or yearly. It may also be referred to as a ‘rolling contract’ because it rolls from one period to the next. They commonly occur when a fixed-term tenancy expires.

How do I write a tenancy agreement?

It’s good practice for a written tenancy agreement to include the following details:

your name and your landlord’s name and the address of the property which is being let.
the date the tenancy began.
details of whether other people are allowed the use of the property and, if so, which rooms.

Can I create my own tenancy agreement?

These types of tenancy agreements are most commonly used by private landlords who are choosing to forgo using a letting agent or property management firm. People can even draw up their own tenancy agreements based on the free downloadable templates available on the internet.

Can a landlord end a periodic tenancy?

You can end your tenancy at any time by giving your landlord notice if you have a periodic tenancy. You’ll have to pay your rent to the end of your notice period. You’ll have a periodic tenancy if: you’ve never had a fixed term and you have a rolling tenancy – for example, it runs from month to month or week to week.

How long can a periodic tenancy last?

How Does a Periodic Tenancy Work? While a fixed term tenancy lasts for an agreed set of time, a periodic tenancy works on a rolling basis, from month to month or week to week. It doesn’t end until one party gives notice.

What is a periodic lease WA? Back to WA FAQ. What is a Periodic Tenancy? A periodic tenancy is an agreement that runs for an indefinite length of time; there is no set finishing date. A periodic tenancy can be written or verbal. Rent may be payable weekly, fortnightly, monthly or any other period agreed…