periodic tenancy
Definition
Tenancy that automatically continues from one lease or rental period to the next, until terminated by the tenant or landlord via a prescribed or statutory notice. Periodic tenancies are created expressly (through a written agreement), or by implication when a landlord accepts the rent at the beginning of a rental period.
News containing the term periodic tenancy
Loading...
http://www.businessdictionary.com/definition/periodic-tenancy.html
