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What happens when the tenancy agreement term expires?

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What happens when the tenancy agreement term expires?

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10

The expiry of the tenancy agreement does not necessarily terminate the rental arrangement. If a “Periodic” term is selected, the tenancy agreement will automatically renew based on the same terms as the first tenancy agreement, unless it is varied by giving proper notice as required by statute. So a “Periodic monthly tenancy agreement” that continues for one year is actually 12 separate, automatically renewing tenancy agreements. The tenancy agreement will continue to renew automatically until one of the parties wishes to terminate the tenancy agreement (by giving proper notice as required by statute). If a “Fixed” term is selected, the leasing relationship may still continue after expiry if both the landlord and the tenant wish it to. In some jurisdictions, statute dictates that it will become a Periodic term tenancy agreement, usually of the month-to-month variety, though this may vary. In other jurisdictions, the Fixed term tenancy agreement may become a “tenancy at will” or a “tena

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