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Which type of tenancy is right for you: Fixed or periodic?

By James Brown

As a tenant investigating potential living options in Caboolture's real estate market, there should be no trouble finding a property that satisfies all your wants and needs. 

However, one thing to keep in mind when discussing the terms of your tenancy with a property manager is the length of time you'll stay in the home, and understanding the different options that could be offered. 

There are two main types of tenancy – fixed and periodic – which both offer different rental experiences. The main differences is that, as the name suggests, a fixed tenancy has a determined amount of time you will be living in the home before the lease runs out. 

Granted that there have been no problems, the property manager will often contact you before this end date and ask if you want to renew your tenancy for another period of time. On the other hand, a periodic tenancy has no end date and can be reviewed month by month. 

These are great for people looking for short term accommodation or those apprehensive about being committed to a home for a longer period of time. The property manager is often the one who sets the length of tenancy, so keep in mind you might not have the power to pick and choose between periodic and fixed.

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