Whilst it feels like we’ve only just moved in all the student tenants, we approach the student renting season for the next academic year. However, it’s time to start preparing for what could be a significantly different market this year, especially with the anticipated changes stemming from the Renters’ Rights Bill. One key area of uncertainty revolves around whether student tenancies will be exempt from the abolishment of fixed-term agreements, a development that could result in substantial shifts in landlords choosing to market their properties when the market opens in November.
While we remain hopeful that student tenancies will continue under fixed-term agreements, the lack of clarity means we must proceed with caution. Until we have more concrete information, our advice is to refrain from making any decisions prematurely. There is a possibility that the new legislation could affect current agreements, allowing tenants to give notice before the end of the agreed tenancy. This may potentially lead to extended void periods if a new tenancy is agreed before we know how the land lies.
Should the bill take effect in this way, it could lead to a considerable shift in long-standing practices, including how and when properties are marketed. This could result in an even busier summer season, as marketing timelines might shift to when tenants give notice—reshaping the traditional flow of the student rental cycle. We’ll continue to monitor developments closely and adapt our strategies accordingly.
