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# What happens when a fixed-term lease ends without a renewal?

If your fixed-term lease reaches its end date and there's no signed renewal in place, you don't need to do anything to keep the tenancy going. PropertyNow switches it to a periodic tenancy automatically and rent collection carries on as normal.

### What changes

* **The agreement becomes periodic** on the same terms. The rent amount and the payment schedule stay exactly as they were.
* **Rent keeps being collected.** New rent payments continue to be created and processed, so there's no gap while you decide what to do next.
* **You both get an email.** When the first payment under the periodic arrangement is created, you and your tenant each receive an email confirming the switch.
* **There may be one smaller payment first.** If the fixed term ended part-way through a rent period, a pro-rata payment closes out the final days before the regular schedule resumes. See [Why is there a pro-rata rent payment?](https://help.propertynow.com.au/en/article/why-is-there-a-pro-rata-rent-payment-1e8g0vs/).

### One thing your tenant needs to do

A PayTo agreement is tied to the fixed term and ends with it, so a tenant paying by PayTo needs to set up a new PayTo agreement for the periodic tenancy. Their email tells them this and their portal prompts them. If they pay by direct debit, nothing changes for them.

It's worth a quick message to your tenant to make sure they've done it, because if the new agreement isn't in place when the next payment is due, that payment can't be collected.

### What you can do next

* **Renew whenever you're ready.** A periodic tenancy can be moved back onto a fixed term, or have its rent changed, using the **Update Agreement** button on your tenancy dashboard. See [How do I renew a tenancy or update the agreement?](https://help.propertynow.com.au/en/article/how-do-i-renew-a-tenancy-or-update-the-agreement-9qs1m5/).
* **Or let it run.** Plenty of landlords are happy to stay periodic. Rent continues on the same schedule until either of you ends the tenancy with the notice your state requires.

If you had a renewal in progress when the fixed term ended, it's still there. Once your tenant accepts and everyone signs, it takes effect from the start date you chose. See [What happens if my tenant doesn't accept or sign the renewal?](https://help.propertynow.com.au/en/article/what-happens-if-my-tenant-doesnt-accept-or-sign-the-renewal-1aemdas/).