The UK rental market is entering a new chapter, and landlords, tenants and letting agents are all having to adapt. One of the biggest changes is the move away from traditional fixed-term tenancy arrangements towards rolling, or periodic, tenancies.

One of the biggest talking points this week has been the 11% week-on-week drop in sales agreed and a drop of 2% on the average asking price of a newly listed properties. While some seasonal softening is entirely normal during the summer holiday period, the scale of this fall has caught the attention of the property industry.

Having an offer accepted on a property should feel like a major milestone. But getting from “offer accepted” to “completion” can sometimes feel like a very different story. New research suggests that conveyancing is now seen by many homebuyers as one of the biggest obstacles to a smooth property transaction — even more so than property chains.

The rental market is still growing, but the way properties are managed has changed. August is a useful time for landlords to review tenancies, rent processes and record-keeping.