Paragraph 2 provides for how section 4A of the 1988 Act (inserted by section 1), which deals with rent periods, should be read for existing tenancies.
	Where a tenancy was created before the commencement date, this section allows any ongoing period of the tenancy to end before the limits on period length in section 4A apply. After the ongoing period ends, the terms of the tenancy cannot provide for periods which are longer than 28 days, unless the tenancy is monthly. If terms contravene this, the tenancy will have monthly periods beginning either on the day after the ongoing period ends or the commencement date as applicable.
	This paragraph also provides that in subsection (6) "R" is the rent due for the last period of the tenancy before the new provisions apply.
Schedules Schedule 6: Part 1 - Application of Chapter 1 of Part 1 to existing tenancies: transitional provision Section 1: start of deemed rent period for existing tenancies Effect