The Renters Rights Bill- Removal of fixed-term tenancies, creating rolling tenancies from the outset
The Renters’ Rights Bill contains some major reforms that will impact landlords, tenants, and agents in the Private Rented Sector. One of these is the Removal of fixed-term tenancies. What’s the proposal?
The Renters Rights Bill plans to move to a simpler tenancy structure where all tenancies will be periodic, which they hope will provide tenants with greater security and confidence to challenge poor practice and unfair rent increases.
Landlords will still be able to gain possession for breaches of tenancy conditions or where they require the property back for themselves, for a member of their family or where they wish to sell the property.
Tenants will be able to end a tenancy by serving 2 months’ notice, but the end of the tenancy will need to align to the rent period date.
From the agreed implementation date all tenancies will convert to a periodic tenancy.