Not renewing tennecy

Hi there
Im after some advice.
My tennent has missed one payment in December, ive communicated with them to reach out to see what the issue was if i could help.
I got an answer and agreed that they would pay this with februarys rent.
The rent is late again currently by 2 days and counting.
They are on a years contract till may 24. Am i in my right not to renew the occupational contract ?
New to this so would really appreciate any advice!
Thanks

Is this property in England?

Hi No the property is located in Wales.

Sorry, I havent kept up with the new Wales legislation, but I doubt that simply not issuing a new contract would end their tenancy. You probably need to take more active steps to evict them.

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