A notice period is a legally defined timeframe within which a tenant or landlord must inform the other party of their intention to terminate the rental agreement. This period serves as a formal heads-up, allowing both parties ample time to prepare for the changes ahead—be it finding a new tenant, searching for a new place to live, or settling any financial obligations.

Monthly Periodic Agreement

In the context of a monthly periodic, or 'rolling' contract,

• Tenants are required to give 30 days' notice from their rent due date. For example, if rent is due on the 1st of each month and notice is given on the 17th of June, the tenancy would end on the last day of July.

• Landlords, must provide 60 days' notice, with a few additional days allowed depending on the method of notice delivery (letter, hand, email). While this typically aligns with the rent due date, it is not a strict requirement.

Fixed Term Agreement

In a fixed-term agreement, the tenancy end date is as specified in the contract.

• Tenants wishing to vacate must still formally give notice, and landlords must also formally serve notice if they wish to regain possession of the property.

• The end date for both must align with the contract's end date.

• Importantly, landlords cannot serve a Section 21 Notice until after the first four months of the contract have expired.

Understanding the specifics of the notice period is crucial for both tenants and landlords. Failure to adhere to the proper notice period can lead to legal complications, including potential financial penalties. Therefore, it's essential to read your rental agreement carefully and consult with legal advisors or property management experts like Property Genius to ensure you're fully aware of your obligations.