What is referred to as a fixed term tenancy?

A fixed term tenancy is characterized by a lease agreement that specifies both a start date and an end date. This means that the tenant and landlord enter into a contract for a predetermined duration, such as one year or six months. During this fixed term, both parties are obligated to the terms of the lease, and the tenant has the right to occupy the property until the end date unless there are other breach conditions leading to early termination.

This structure provides stability for both the tenant, who can plan their living situation, and the landlord, who can secure rental income for the agreed-upon term. It also typically stipulates renewal options or the process for ending the agreement once the fixed term concludes.

Other options describe different types of rental arrangements that do not specify a fixed starting and ending point, which is critical in distinguishing a fixed term tenancy. For instance, a rental agreement with no specific end date signifies an open-ended agreement; a tenancy that allows short-term notice refers to agreements that can be terminated relatively swiftly, and a month-to-month rental arrangement lacks a defined lease period, allowing for flexibility but no stability.