Choosing the right type of tenancy agreement can make a big difference for both landlords and tenants. Here’s a breakdown of fixed-term and periodic tenancies in New Zealand.
Fixed-Term Tenancies
A fixed-term tenancy has a set start and end date. It gives security to both parties but comes with rules around how it ends.
Pros for Landlords:
- Guaranteed rent for the period
- Reduced vacancy risk
Pros for Tenants:
- Stability in rent and housing
Cons:
- Harder to end early unless both parties agree or a break clause is included
From 2021, fixed-term agreements automatically roll into periodic tenancies unless both parties agree otherwise.
Periodic Tenancies
These have no end date and continue until either party gives notice.
Pros for Landlords:
- More flexibility to sell or move in
Pros for Tenants:
- Flexibility to move with 28 days’ notice
Cons:
- Less predictability
What Rentall Recommends
At Rentall, we help match the right agreement to your situation—whether you’re seeking long-term stability or flexible arrangements.
Need help drafting the right agreement, finding the right tenants, removing the hard work of managing your asset? Get in touch with us — expert tenancy support starts here.
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