The Benefits of Contractual Periodic Tenancies Explained

What is a Contractual Periodic Tenancy?

A contractual periodic tenancy continues on a rolling basis, usually monthly after the fixed-term tenancy expires. Unlike a new fixed term, it offers flexibility and ongoing tenancy without the need for a formal renewal.

Benefits for Landlords

• Flexibility: Landlords can retain tenants without committing to a new fixed term, making it easier to adapt if circumstances change.
• Simplified Management: The tenancy continues under the existing agreement terms, reducing paperwork and administrative work.
• Ongoing Rental Income: Tenants stay longer without gaps between tenancies, ensuring steady rent payments.

Benefits for Tenants

• Security and Stability: Tenants can stay in their home without having to sign a new contract immediately after the fixed term ends.
• Flexibility: They can continue renting month-to-month without a long-term commitment, making it easier to move if needed with proper notice.
• Simplified Process: No need for re-referencing or extensive paperwork for each extension.

How Hodsons Helps

At Hodsons Estate Agents, we manage the transition smoothly and keep both landlords and tenants informed about their rights and responsibilities during a contractual periodic tenancy. We ensure compliance with the latest legislation while providing clear communication and support.