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Interesting new development. I've just been told my tenant has decided to break the lease and leave early (2 months into the new 6 month lease). They're up for rent until I find a new tenant at the same rate, as well as advertising fees, etc. It doesn't make much sense to me, considering...

I still don't understand why they're ok to go periodic. For example, doesn't loss of rent in landlords insurance require a valid lease with an end date if the tenant does a runner?

Until the thing settles if the tenant trashes the place it's the vendor's problem. Yes, getting a lease signed from settlement would definitely be better. They can put a clause in the contract (assuming they haven't signed it yet) that states the tenant has to sign a 6 month contract at $x...