JNoles
18-03-2005, 11:03 AM
Questions:
1. In order for an AST to become periodic at the end of the fixed term, does there need to be a clause in the AST agreement to this effect?
2. Even if there doesn't need to be a clause, is it a good idea to have one to make the tenant(s) aware of what will happen if they decide to stay on at the end of the fixed term, notice periods required on both sides etc?
3. If such a clause is either required or a good idea, any suggestions on how it should be worded?
Thanks in advance.
1. In order for an AST to become periodic at the end of the fixed term, does there need to be a clause in the AST agreement to this effect?
2. Even if there doesn't need to be a clause, is it a good idea to have one to make the tenant(s) aware of what will happen if they decide to stay on at the end of the fixed term, notice periods required on both sides etc?
3. If such a clause is either required or a good idea, any suggestions on how it should be worded?
Thanks in advance.