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Periodic

Posted on June 19th, 2018

Advantages

Able to make different housing arrangements quicker. Not committed to rent payments for a specific period of time.

Rent can be increased with 30-day notice or with notice equal to length of rental period (i.e., month, week).…

Posted on June 19th, 2018

Stable rent for a specific time period. Fairly secure guarantee. Lease for a fixed term allows less change in arrangements.

Commitment to pay rent for a specific period of time. Tenant can be held liable for payment of rent until end of contract period.…