A periodic tenancy is one that lasts until either the tenant or the landlord ends the agreement.
A fixed-term tenancy is for a set period of time, for example twelve months. You cannot give notice to leave before the agreed date. The landlord cannot give you notice to quit before the agreed date.
Bonds and rent in advance
- A landlord cannot ask for more than two weeks rent in advance
- A landlord cannot ask for more than four weeks bond.
Don't sign a fixed-term agreement unless you are sure you can stay there for the agreed length of time