As discussions surrounding the Renters Reform Bill continue, Bournecoast Property Agents are spearheading a call for the inclusion of fixed-term tenancies as a crucial component of tenant-friendly housing reform. The proposal advocates for a balanced approach that empowers both landlords and tenants to make informed choices that align with their individual needs.

A group of 40 Conservative backbenchers have signed proposed amendments to the Renters Reform Bill, one of which would allow fixed term tenancies to be retained where there is ‘mutual agreement’ between tenant and landlord. The amendments were tabled by Conservative MP Anthony Mangnall.

Des Simmons, Bournecoast’s Managing Director, said “The Renters Reform Bill, a landmark piece of legislation aimed at addressing the challenges within the rental housing market, has the potential to reshape the landscape of tenancy agreements. While recognising the importance of providing security of tenure for tenants, we are emphasising the importance of offering flexibility through fixed-term tenancies when mutually agreed upon by both landlords and tenants.”

He continues, “Fixed-term tenancies provide a valuable middle ground that allows landlords to plan for the future and maintain a stable income stream, while affording tenants the flexibility to choose the duration of their stay when necessary. This approach encourages a positive and collaborative relationship between landlords and tenants, fostering a more stable rental market.”

The key points from Bournecoast Property Agents supporting the inclusion of fixed-term tenancies in the Renters Reform Bill are:

• Tenant Flexibility: The option of fixed-term tenancies, requested by a tenant, empowers tenants by allowing them to choose this as an option when it is important for them to do so, providing the flexibility needed for various life circumstances.
• Landlord Planning: Landlords benefit from the predictability of fixed-term tenancies on the occasions when it is necessary for a tenant to request this, facilitating better management of the property and allowing them to house the many tenants who only need temporary accommodation for a number of different genuine reasons.
• Mutual Agreement: We emphasise that fixed-term tenancies should only be permitted when both landlords and tenants mutually agree. This ensures that tenants' rights to stable housing are preserved, while recognising the importance of the requirements for temporary accommodation in certain circumstances.
• Stability in the Rental Market: By providing a balanced approach to tenancy agreements, the Renters Reform Bill can contribute to a more stable and sustainable rental market, benefiting both landlords and tenants alike.

Bournecoast Property Agents are urging policymakers and stakeholders to consider the benefits of incorporating fixed-term tenancies into the Renters Reform Bill, promoting a fair and equitable housing environment for all.