Other questions

What is the difference between a fixed term and periodic tenancy?

A fixed term has a set end date. A periodic tenancy continues until either party gives notice. Your Property Manager can help clarify your tenancy type.
What’s the difference between renewing and extending a lease?

Renewal involves a new agreement; extension typically continues the existing terms. Contact your Property Manager to discuss your lease options.
What happens if the owner wants to sell the property?

You will be advised if the owner is going to put the property on the market for sale. If sold, and you are on a Periodic Tenancy, you may be given notice to vacate if the new owner wants vacant possession. You can also choose to vacate yourself with the usual notice. You cannot be asked to leave if you are on a Fixed-Term Tenancy until the end of the fixed period. If sold to an investor, they will likely be happy with you continuing your tenancy under your current terms and conditions.
Who decides the rules in a body corporate?

Body corporate rules are voted on by unit owners at an Annual or Extraordinary General Meeting. The developer often sets the initial rules, but owners can amend them over time.