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The main disadvantage to landlords with tenants on periodic tenancies is the fact the tenant can up and leave fairly quickly; there is no longer-term surety of income for the landlord.
Most assured tenancies are periodic rolling tenancies. A periodic tenancy rolls on usually on a monthly basis. It does not have an end date. Your tenancy will continue until you or your landlord end it.
The notice period will depend on the tenancy or agreement, but its usually at least 4 weeks.
What is a periodic tenancy? A periodic tenancy is the legal name for a rolling tenancy with no fixed end date. You have this type of tenancy if: your fixed term assured shorthold (AST) has ended. you did not agree to or sign another fixed term tenancy.
Initially, a periodic tenancy exists for a fixed period of time. However, the main difference between a periodic tenancy and a tenancy for years is that the leasehold agreement will automatically renew unless a termination notice is given by either the lessee or the lessor.
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