# Renting Homes (Wales) Act 2016, Paragraph 7


(1) A converted contract to which sub-paragraph (2) applies is an additional exception to section 11(1) (contracts made with community landlord are secure contracts).
(2) This sub-paragraph applies to a converted contract which immediately before the appointed day was a tenancy or licence for a fixed term, provided that—
(a) a premium was paid for the contract, and
(b) before the end of the period of one month starting with the appointed day, the contract-holder decides that the contract should become a fixed term standard contract.
(3) Before the appointed day, a community landlord which is the landlord under a tenancy or licence for a fixed term, and for which a premium was paid, must—
(a) inform the contract-holder of his or her right under sub-paragraph (2)(b) to decide that the contract should become a fixed term standard contract, and of the time by which that decision must be made, and
(b) explain how section 11 will apply to the contract if the contract-holder does not make such a decision.

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Source: https://www.legislation.gov.uk/anaw/2016/1/schedule/12/paragraph/7 (the official version)
Page: https://openlegislation.uk/renting-homes-wales-act-2016/schedule-12/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.