fixed-term

A fixed-term tenancy is an agreement to rent a place for at least a certain length of time. The agreement is often called a lease, and the length of time is called the term. The most common term is one year, but it can be shorter or longer. When the term is over, the tenancy automatically continues as a month-to-month tenancy unless the landlord and tenant agree to another fixed term, or one of them takes legal steps to end the tenancy.