▲ 3 r/halifax
Are Periodic leases becoming default again, or are Fixed-term still the usual practice?
Fixed-term became popular bc it enabled a loophole around the rent increase cap. I’m looking at a place now (new construction, so I’d be the first tenant) and was surprised to see it’s on offer with a periodic lease. Wondering if that’s still rare (and thus something of value I should consider when choosing among options) or not.
u/mikelwrnc — 12 hours ago