This is an extremely contentious issue, because the wording in the legislation of the notice periods required can be misleading.
The first thing to remember is that the Lease Agreement overrides all other contracts – including Sales Contracts. Therefore, the Lease must be seen through to completion unless there is a written agreement from all parties for early termination of the Lease.
Written Notice to be given by the Owner:
For Fixed-Term Lease Agreements – at least 2 months OR the expiry of the lease – whichever is the latter
For Periodic Lease Agreements – at least 28 days upon the completion of a contract of sale.