That will depend on whether the term of your tenancy is a Fixed Term or a Periodic.
What's the difference? A fixed term tenancy cannot be terminated by notice by either yourself or Waikato Real Estate Limited. It has a start and finish date and you will be responsible for the rent for the entire term of the tenancy. However, if both parties agree the tenancy can be terminated sooner – there are costs associated with breaking a fixed term and you can discuss this with your property manager.
A periodic tenancy can be terminated by notice. You are required to provide Waikato Real Estate Limited with 28 days written notice.
The landlord must provide you with written notice -
63 days if they or any of their family require the property for their own use.
90 days if the property has been sold and vacant possession required
90 days if the owner is placing the property on the market and would like the home vacant before selling
90 days notice for other reasons ie (Development, Refurbishment etc)
If you wish to vacate before either the 63 or 90 days it is important to know that you are still required to provide the landlord with 28 days notice.
Fixed Term: No, Unless it is written into the tenancy agreement. Periodic: Yes
However, the rent cannot be increased until after the first 12 months of the tenancy, provided the increase is not within 12 months of the last increase.
The landlord is required to give 60 days’ notice of the increase.
A periodic tenancy can be terminated by notice you must give the landlord 28 days written notice, the landlord can give you 90 days notice, if the property has been sold, is going on the market or they require it for their own or family's use (if you wish to vacate prior to the 90 days you have to provide 28 days notice)