Rental Lease Questions

[Richard Bader]

Hello, I am from Tennessee and I am starting on my first rental and I have a couple questions:
1. I would like to know the steps I would take if my tenant does not pay and has to be evicted. Tennessee requires a 5 days grace period before adding a late fee. Is this when I give the first notice?
2. I also want to have at least a 1 year lease signed. What would be the pros and cons for doing a week to week or a month to month lease? The Tennessee UNIFORM RESIDENTIAL LANDLORD AND TENANT ACT states:
(a) The landlord or the tenant may terminate a week to week tenancy by a written notice given to the other at least ten (10) days prior to the termination date specified in the notice.
(b) The landlord or the tenant may terminate a month to month tenancy by a written notice given to the other at least thirty (30) days prior to the periodic rental date specified in the notice.

So if I had a non paying tenant which type lease would benefit me most?
Thanks for all answers.