What tenants really want
Of late, tenant advocates have been calling for lengthy default terms for fixed-term tenancies to try and increase rental security.
But Barfoot & Thompson’s new rental tenure data shows that it is “periodic tenancies” – rather than fixed term tenancies – which are the preferred form of rental arrangement.
Director Kiri Barfoot said this was probably because they provide flexibility.
“Periodic tenancies are effectively ongoing, but can be reviewed or exited, with the required notice, by either party at any time.”
In rental arrangements, there are a lot of variables involved, with many different individual circumstances and, therefore, many different lengths of tenancy desired on both sides, she said.
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