Fixed term tenancy

[NomoneyNotalk]

Hi Property Investors,

I heard from a friend that after the tenancy reform next month, we can no longer demand the tenant to renew a fixed term tenancy, and it will become periodic tenancy. If this is true can the landlord still end the fixed term tenancy? And then re advertise it for new tenant

Thank you

[artemis]

Any FTT entered into before 11 February 2021 remains under the old rules, so termination notice can be given in the usual 21 - 90 day period. New FTTs after that date are under the new rules so unless there is agreement between the parties for a new FTT the tenancy converts automatically to periodic and the new periodic termination rules. And the new assignment of tenancy rules.

If a landlord has concerns about a tenant in a current FTT they can terminate the tenancy under the old rules or deal with the consequences.

[hawkeye]

If you heard from a friend maybe there are a few other new rules and regulations you don’t know about that might cause you a lot of problems down the track if you don’t follow them. You might need to brush up on the rules or maybe get a property manager to take over, at least for a while until you get up to speed. There are a whole lot of tenants running to the papers lately about breaches and you don’t want to be on the front page of the press!

[NomoneyNotalk]

Any FTT entered into before 11 February 2021 remains under the old rules, so termination notice can be given in the usual 21 - 90 day period. New FTTs after that date are under the new rules so unless there is agreement between the parties for a new FTT the tenancy converts automatically to periodic and the new periodic termination rules. And the new assignment of tenancy rules.

If a landlord has concerns about a tenant in a current FTT they can terminate the tenancy under the old rules or deal with the consequences.

Thank you Artemis,

It seems pointless to have FTT if the tenant can just refuse to renew it and go into periodic. Need to be extra careful in selecting tenants now

[NomoneyNotalk]

If you heard from a friend maybe there are a few other new rules and regulations you don’t know about that might cause you a lot of problems down the track if you don’t follow them. You might need to brush up on the rules or maybe get a property manager to take over, at least for a while until you get up to speed. There are a whole lot of tenants running to the papers lately about breaches and you don’t want to be on the front page of the press!

Thank you hawkeye,

Yes it seems too much to handle without property manager now