Fixed-Term vs Periodic Tenancy: What’s the Difference?
Quick answer: The biggest difference is how long the agreement runs and how it ends. A fixed-term tenancy has a set start and end date, while a periodic tenancy continues week to week, month to month or year to year until it's ended under the applicable rules.
Whether you're renting out a property or looking for your next home, it helps to understand how each type works.
1. Fixed term
The agreement has a specific start and end date. In Alberta, it generally ends on that date without notice unless the parties make another arrangement.
2. Periodic tenancy
The agreement continues from week to week, month to month or year to year until it's ended under the applicable rules.
3. Rent during a fixed term
Rent can't be increased during the fixed term.
4. Rent during a periodic tenancy
An increase can happen only after the required 365-day interval and with the correct written notice.
5. Ending a fixed term
Advance notice isn't legally required at the stated end date, but it's still smart to plan ahead for moving out or renewing.
6. Ending a periodic tenancy
Written notice, timing and the reasons available to a landlord depend on the tenancy type and the circumstances.
7. Put the practical terms in writing
Cover rent, utilities, occupants, responsibilities, fees and renewal expectations clearly.
Tip: Neither option is automatically better. Choose the structure that fits the property and the people involved, then follow the current Alberta rules.
Want the full guide? Read 10 Essential Elements Every Alberta Rental Lease Must Include.
About Power Properties
Since 1980, Power Properties has helped Albertans rent, manage, buy and sell residential property. Our award-winning team manages more than 1,000 properties across Calgary, Edmonton, Lethbridge and Medicine Hat, offering full-service property management and real estate. Contact us to see how we can make owning a rental property easier.
This article is general information, not legal advice. For your specific situation, refer to Alberta's Residential Tenancies Act or speak with a professional.
