BACK TO ALL BLOGS 
Periodic Tenancies Explained: What the New System Means for Your Rental Income
One of the most talked-about changes under the Renters Reform Act is the move towards periodic tenancies.
In simple terms, fixed-term agreements as we know them are being replaced with rolling tenancies that continue indefinitely—until either party gives notice under the new rules.
For tenants, this creates flexibility.
For landlords, it introduces a new way of thinking.
The biggest concern we hear is around security and rental income.If tenants can leave more easily, does that mean more void periods?
The honest answer is: it can, but only if the property is not being managed proactively. Under the new system, landlords will need to place greater focus on:
- Tenant quality
- Property condition
- Pricing strategy
- Ongoing management
Because the reality is this, tenants are more likely to stay where they are happy.
This is where the shift happens.
Rather than relying on a fixed-term agreement to “hold” a tenant in place, landlords now need to create a tenancy that tenants choose to remain in.
That includes:
- Responding to maintenance issues promptly
- Keeping the property in good condition
- Communicating clearly and professionally
- Setting expectations from the outset
Another key area is rent reviews.
With periodic tenancies, rent increases will follow a more structured legal route. This means landlords must be confident that their rent is aligned with the market and justifiable.
Overpricing can lead to void periods. Underpricing impacts long-term returns.
Getting this balance right has never been more important. There is also a planning element.
With tenants able to leave with notice, landlords must be prepared for change. This means:
- Having a clear re-letting strategy
- Ensuring properties are always market-ready
- Reducing turnaround times between tenancies
From our experience, the landlords who will perform best in this new environment are those who treat their portfolio as an actively managed investment, rather than a passive one.
The structure has changed, but control hasn’t disappeared. It has simply shifted towards preparation, consistency, and quality of management.
If you want to ensure your rental income remains stable under the new tenancy structure, speak to M&P Estates for a tailored rental strategy review. Book a call!
