The End of Fixed-Term Tenancies? What Landlords Need to Know About the Renters’ Reform Bill

A major shift is coming to the UK rental market, one that could reshape how landlords manage tenancies. With the Renters’ Rights Bill progressing through Parliament, fixed-term tenancy agreements may soon be replaced by rolling periodic tenancies. At Halle, we are committed to supporting landlords through this transition by offering expert guidance, resources, and practical tools to help them adapt with confidence. 

What’s Changing 

If enacted, the Bill will replace Assured Shorthold Tenancies with open-ended periodic agreements, continuing from one rental period to the next until legally ended by either party. Key changes include: 

• Tenants can leave at any time with two months’ notice. 

• Written tenancy agreements will become mandatory. 

• Landlords may collect no more than one month’s rent in advance. 

• Issuing a fixed-term agreement could result in a fine of up to £7,000. 

The government’s aim is to increase flexibility and fairness, particularly for tenants facing sudden life changes or living in substandard housing. 

Implications for Landlords 

While fixed terms have traditionally offered predictability, periodic agreements present new opportunities: 

• Greater flexibility to adjust rents in line with market conditions. 

• Easier processes to regain possession of a property. 

• The ability to respond more quickly to tenant needs and market shifts. 

While some landlords worry this could lead to more frequent tenant turnover, these risks are manageable with proactive property management. Maintaining high standards, offering responsive maintenance, and building strong tenant relationships can encourage longer stays and reduce vacancy rates. 

Benefits for Tenants 

Tenants will benefit from increased control, no longer being tied into long-term contracts. This added flexibility makes renting more accessible and less stressful, especially during periods of economic uncertainty or personal transition. It empowers tenants to make housing decisions that align with their evolving needs—whether that’s relocating for work, downsizing, or moving closer to family. 

What About Student Lets? 

Student housing has been a key area of discussion. Initially, the Bill treated student tenancies like all others. However, an amendment now proposes to retain fixed terms for student HMOs, aligning with the academic calendar. This would provide stability for both landlords and students. Purpose-Built Student Accommodation (PBSA), typically managed by universities or private providers, remains unaffected and can continue offering fixed-term contracts. 

How to Prepare 

At Halle, we take the following steps: 

• Review and update tenancy agreements to reflect the new legal framework.  

• Use thorough referencing to find reliable tenants.  

• Communicate regularly with tenants about their future plans.  

• Monitor local rent trends to remain competitive.  

• Encourage maintenance of properties to a high standard to encourage long-term tenancies.  

Final Thoughts 

This legislative shift offers a chance to build stronger, more adaptable rental relationships. While change can be challenging, it also presents an opportunity to modernise rental practices and create a more balanced dynamic between landlords and tenants. 

At Halle, we’re here to support landlords every step of the way—with expert advice, tailored solutions, and a proactive approach to property management.