You must duly inform the landlord that you do not intend to renew the lease before the lease expires. Termination must occur some time before the lease expires, as required by law in your jurisdiction. This period of time is called the "notice period". As a general rule, the notice period is one month for leases with a duration of one month or less and two or three months for leases with a duration of more than one month, but this varies by jurisdiction. You should consult the current status for the jurisdiction in which the property is located to determine the notice period required for your rental agreement. Periodically - A periodic lease is maintained as long as neither party wishes to terminate the lease. To terminate the rental agreement, landlords and tenants must co-order their intention, as provided by law. At the end of the term of the rental contract, the tenant is reimbursed the deposit, minus any deductions for repairs / restorations. Fixed End Date - A rental agreement with a fixed end date gives the guarantee to both the landlord and the tenant.
There is the exact day of the end of the lease. The advantage is that neither party is obliged to terminate the lease, it simply ends on the date indicated. During a fixed-term lease agreement, the lessor may not increase the rent or modify other terms of the rental agreement, unless it expressly reserves the right in the contract and the tenant accepts the changes. The tenant`s obligations are defined by this lease and the specific laws at the place of ownership. The tenant`s main obligations are to pay the rent on time and not to cause damage to the premises.