Document background
The Periodic Tenancy Agreement is a fundamental document in Canadian residential leasing, designed for situations where both landlord and tenant prefer an open-ended rental arrangement rather than a fixed-term lease. This type of agreement automatically renews on a specified cycle (commonly monthly) until proper notice is given by either party. It must comply with provincial residential tenancy legislation, which varies by jurisdiction but generally covers aspects such as notice periods, rent increases, maintenance standards, and tenant rights. The agreement includes comprehensive details about the property, rental terms, responsibilities of both parties, and various operational aspects of the tenancy. This document type is particularly useful for landlords seeking flexibility in property management and tenants who prefer not to commit to a fixed term while maintaining the security of a formal rental agreement.
