Just cruising gumtree to monitor the rental market in and around Canberra... Since I am hoping to gain employment there in the near future... Hehe it turns out I would love to live in a property that I would never buy... One bedroom apartment in a complex in CBD with pool, gym, sauna ect. So today I saw an add on gumtree which read... "No lease, one months rent in advance as a deposit and your choice of weekly or fortnightly thereafter. 2 weeks rent as a small bond." Are tenants desperate enough to agree to that? No lease makes it a periodic tenancy... I cannot imagine many people who that would suit! =/ I wonder if many tenants understand the consequences of a periodic tenancy?