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A tenancy agreement is a contract between you and your tenants. It sets out the legal terms and conditions of the tenancy. It can be written down or oral.
A tenancy can either be:
- fixed-term (running for a set period of time)
- periodic (running on a week-by-week or month-by-month basis)
Rights and responsibilities
Both you and your tenants have certain rights and responsibilities, whether or not there is a tenancy agreement.