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Also known as a Period Certain Annuity. Fixed Period Annuity is a term used to describe a specific payout option for an Immediate Annuity contract. When an annuity distribution period begins or the annuitization begins, the annuitant can choose distributions over a fixed period of time.
Fixed term renewal. At any time, the landlord and tenant(s) can agree a new tenancy. Often this is done at the end of the fixed term for another similar fixed term to the previous (for example 6 months) and is referred to as a ârenewalâ.f the tenancy agreement remains silent on what happens after the fixed term ends and the tenant remains in occupation, a statutory periodic tenancy will arise [ section 5 Housing Act 1988]. Similarly if a landlord enforces a break clause during the fixed term, a statutory periodic tenancy would arise.