A tenancy established without a fixed term, and which can be terminated by either the landlord or the occupant at any time, provided proper legal notice is given, describes an occupancy arrangement rooted in mutual consent. This type of tenancy doesn’t rely on a lease or written agreement, but rather on the implicit understanding that the occupancy can continue until one party wishes to end it. An example includes a situation where a lease expires, but the occupant continues to pay rent on a monthly basis and the landlord accepts it, without renewing the original lease.
The flexibility afforded by such arrangements presents distinct advantages. For landlords, it permits adaptation to changing market conditions and facilitates prompt recovery of the premises if required. For occupants, it eliminates the long-term commitment associated with fixed-term leases, providing the freedom to relocate as needed. Historically, these tenancies were more common and provided a simple framework for short-term or informal living arrangements, often stemming from family relationships or temporary housing needs.
