What is a Statutory Periodic Tenancy?
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Where the tenancy is ‘assured’ (not shorthold) and is in the fixed term or periodic, the section 21 procedure does not apply, and the landlord can only bring the tenancy to an end on specific grounds. Most landlords will need to take specialist legal advice before proceeding.
These types of tenancies are governed by the statutory code set up in the Housing Act 1988, which was amended slightly by the Housing Act 1996. Today's vast majority of tenancies will be assured shorthold tenancies, and both assured and assured shorthold tenancy can charge a market rent for the property.