No, our tenancy agreement is on a permanent, fixed term anywhere from 6-36 months, depending on what both parties agree upon. Traditional agents try to lock renters and owners into longer terms with break clauses, which ultimately ends up inconveniencing them. PropertyLoop's agreements avoid break clauses to encourage transparency and stability ahead of time.
Neither party can break the lease early without penalty unless both parties reach a mutual agreement. If both parties would like to extend the term or renew the tenancy agreement, they can decide to do so at any point before the end of the fixed term.