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1 Comment
All assured shorthold tenancies go periodic after the end of the fixed term if the tenant remains.
If there’s no clause in the agreement about going periodic, it will go statutory periodic. If statutory periodic, the periods will be “the same as the last rent payable under the fixed term”. As such, depending on how the tenancy is worded, this one could go yearly periodic. If there is a clause about going periodic, that term will be used.
A notice or letter won’t be sufficient to change it from statutory periodic so if is yearly, to change to monthly, would need agreement (easiest would be a new tenancy).