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Month-to-month rentals provide flexibility for both landlords and tenants, allowing for easier adjustments compared to fixed-term leases like six-month or one-year options. This video tutorial discusses the advantages and drawbacks of month-to-month arrangements, also known as tenancy at will. It highlights that these leases allow landlords to evict tenants with proper notice, and they automatically renew each month unless written cancellation is given. The tutorial further outlines key elements to include in a month-to-month lease agreement and emphasizes the importance of adhering to state laws and local regulations regarding tenant eviction and property arrangements.