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What is a Fixed Term Tenancy Agreement?

A fixed-term tenancy agreement is between a landlord and a tenant and lasts for a set amount of time – eg, one year. You must include the length on the tenancy agreement.

What is the difference between a fixed and non fixed term Tenacy Agreement?

A fixed-term tenancy has a definite commencement date and expiry date. A periodic agreement has a commencement date with no expiry date. The preferred type of tenancy is a fixed-term agreement where a tenant will enter into a 6 or 12- month agreement to give both parties security of tenancy and income for a set period of time. Tenancy agreements do not necessarily have to be for a 6 or 12-month term. Sometimes it is best practice to enter into a varied term (i.e. 5, 8 or 10- month tenancy) to avoid the property becoming available in the middle of winter during a quiet time of the year when it can become harder to find a tenant.

Sources: https://www.tenancy.govt.nz/starting-a-tenancy/types-of-tenancies/periodic-or-fixed-term-tenancy/, https://athomerentals.com.au/news/article/what_is_the_difference_between_a_fixed_and_non_fixed_term_tenancy