Under the three year fixed term lease agreement, after a one year period of stay, the tenant can give three calendar months notice to terminate the lease without any penalty. This provides the landlord with sufficient time to find a suitable replacement tenant. You are also still allowed to give shorter notice because The Consumer Protection Act allows the tenant to cancel the lease at any time prior to the termination date by giving the landlord 20 business days notice. In these cases the landlord is allowed to claim a cancellation penalty. From the tenant which can vary between one month or two months rental depending on how long the landlord will take to find a suitable replacement tenant. The Consumer Protection Act allows for this penalty because the landlord loses revenue when you move out on short notice.