What is a periodic tenancy?

A periodic tenancy, sometimes known as ‘month to month’ tenancy is when you are out of your ‘fixed’ term agreement but continue at the property on a month to month basis.  This form of tenancy gives you the flexibility to not ‘fix in’ for a duration of time as you just have to give one months’ notice in writing (unless your contract states otherwise) and is ideal if you are thinking of moving on, whilst the advantage of a fixed period is that you have the security of knowing you can remain in the property for a specified period of time.