Can this tenancy become periodic?Make Text Bigger
This is a query about whether this particular tenancy can become periodic.
We have a flat which have let to the same tenant for two, consecutive, 12 month tenancies. In each case, the rent for the whole 12 months has been paid in advance. The tenant is a single mother but with some sort of family trust paying the rent. The deposit was protected at the beginning of each 12 month tenancy.
We are not in a position to grant another 12 month tenancy as we are making changes over the next year or so which may mean having to sell this property.
My question is, can we let the current tenancy just rollover into a periodic tenancy when the 12 months is up (October 31st) or does the fact that the existing contract stipulates that the 12 months rent is to be paid in advance whereas we would now want it to be paid monthly in advance, mean that we would have to grant a new AST for 6 months, paid monthly and then allow that tenancy to become periodic?
Apologies if I have got any of the terminology wrong!
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