Nov 8, 2019 10:10
4 yrs ago
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English term
Contractual Periodic Tenancy
FVA
Not for points
English to Romanian
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Law: Contract(s)
Apare intr-un contract de inchiriere din Marea Britanie (ASSURED SHORTHOLD TENANCY)
Context: The “Term” is to include any extension or continuation of the fixed term (but not a replacement tenancy for another fixed term) or as a Statutory or Contractual Periodic Tenancy.
Context: The “Term” is to include any extension or continuation of the fixed term (but not a replacement tenancy for another fixed term) or as a Statutory or Contractual Periodic Tenancy.
Proposed translations
(Romanian)
| 4 | Contract de inchiriere pe perioada determinata (cu prelungire automata) |
danieline
|
Proposed translations
9 days
Contract de inchiriere pe perioada determinata (cu prelungire automata)
A contractual periodic tenancy agreement is one in which the tenant continues to live in a rental property even after a fixed tenancy period is over. A contractual periodic tenancy is where an agreement is reached between the landlord and the tenant that is the basis of the contract.
What is a statutory periodic tenancy?
Many tenancy agreements do not have any clause at all specifying how the tenancy will continue after the end of the fixed term.
For these type of tenancies, Section 5 of the Housing Act 1988 steps in to create a brand new tenancy agreement known as a statutory periodic tenancy.
This tenancy will run from month to month, week to week, etc based on the last rent paid. For example, if the tenant pays monthly in the fixed term, then the periodic tenancy will run from month to month. Or if your tenant pays 5 months up front and then makes one monthly payment in the fixed term, then it will run from month to month.
What is a statutory periodic tenancy?
Many tenancy agreements do not have any clause at all specifying how the tenancy will continue after the end of the fixed term.
For these type of tenancies, Section 5 of the Housing Act 1988 steps in to create a brand new tenancy agreement known as a statutory periodic tenancy.
This tenancy will run from month to month, week to week, etc based on the last rent paid. For example, if the tenant pays monthly in the fixed term, then the periodic tenancy will run from month to month. Or if your tenant pays 5 months up front and then makes one monthly payment in the fixed term, then it will run from month to month.
Example sentence:
http://www.fastevictionservice.com/blog/advantages-of-contractual-periodic-tenancies/
https://www.rla.org.uk/landlord/guides/contractual-and-statutory-periodic-tenancies.shtml
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