Yes, all existing fixed-term tenancies will automatically transition to periodic tenancies on the implementation date of the new regulations. Any remaining fixed-term period in an agreement will no longer be enforceable. From the moment the law takes effect, all tenancies‚ whether they were originally fixed-term or periodic‚Äîwill function under the periodic tenancy system. This means that tenants and landlords will need to adhere to a standard two-month notice period for termination unless specific legal exemptions apply. The primary aim of this change is to provide tenants with greater security and flexibility while ensuring landlords still have a structured system for tenancy termination.
