5.—(1) Subject to paragraph (2), for the purposes of this Order—N.I.
(a)a tenancy from year to year or other period, without a lease in writing, is to be treated as being determined at the expiration of the first year or other period, and
(b)accordingly, the right of action of the person entitled to the land subject to the tenancy is to be treated as having accrued on the date on which the tenancy is determined.
(2) Where any rent or other periodic payment has subsequently been received in respect of the tenancy, the right of action is to be treated as having accrued on the date of the last receipt of rent or other periodic payment.