A fixed-term tenancy is a rental agreement that lasts for a specific period, usually ranging from six months to a year. During this time, the tenant has the right to occupy the property, and the landlord cannot terminate the lease without a valid reason. This type of agreement provides stability for both parties, as the terms are clearly defined. At the end of the fixed term, the tenancy may either be renewed or allowed to expire. If the tenant wishes to stay, they can negotiate a new lease with the landlord. Fixed-term tenancies are common in residential rentals and are governed by local laws and regulations.