Fixed Term & Periodic Agreements And The Risk With Landlord Insurance

A fixed term agreement is one that has a start and end date. 

A periodic tenancy has a start date but does not have an end date and can continue indefinitely.  The landlord/agent can end the tenancy at any time (allowing for the correct notice) without having to wait for an expiry date.  A periodic tenancy agreement may be beneficial if a landlord is considering selling or moving back into the home, as it allows for more flexibility in asking the tenant/s to vacate.  However, this option can expose a landlord to a lack of security as the tenant can give notice at any time.

As a landlord if you are considering starting a new agreement as a periodic or you do not wish to renew the exiting agreement and allow the tenants to remain in the property, it is recommended that you contact your insurance company to check your level of coverage, which can be affected.


We are often faced with landlords who take out their own insurance to discover that excesses are high, important inclusions are not covered and there is fine print that can make a claim void. As a landlord it is important to take out the most comprehensive insurance you can find to ensure that your asset is protected. Bank insurance and non-industry policies can result in lost money when making a claim. Always take the time to compare policy details or speak with your property manager.


IMPORTANT:  This is not advice.  Clients should not act solely on the basis of the material contained in this newsletter.  Items herein are general comments only and do not constitute or convey advice per se.  Every effort is made to ensure the contents are accurate at the time of publication.  Clients should seek their own independent professional advice before making any decision or taking action. We take no responsibility for any subsequent action that may arise from the use of this newsletter. Published by the PPM GROUP -