What do you call a rental agreement that automatically renews at the end of its term?

A rental agreement that automatically renews at the end of its term is referred to as a periodic tenancy. This type of agreement is characterized by its recurring nature, where the lease continues to renew either weekly, monthly, or annually, depending on the specific terms outlined in the contract.

The essence of a periodic tenancy is its flexibility; it allows both the tenant and the landlord to continue the rental arrangement without the need for a new lease agreement each time the term expires. Tenants benefit from the stability of continued occupancy, while landlords enjoy a reliable stream of rental income without needing to renegotiate contracts frequently.

In contrast, the other types of tenancies mentioned do not share this automatic renewal feature. Tenancy for years is a fixed-term lease with a specific end date, typically for a longer duration. Tenancy at will is an arrangement that can be terminated at any time by either party, lacking the stability of a renewal. Fixed-term tenancy, similar to tenancy for years, is another structured agreement with a defined start and end date, not allowing for automatic renewal unless explicitly stated.