Transform your daily workflows and Correct Month-to-Month Rental/Lease Agreement

Aug 6th, 2022
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How to Correct Month-to-Month Rental/Lease Agreement

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[Music] hi guys its rachel the vancouver digital editor for next home your daily guide on all things real estate and lifestyle across canada todays video will tackle a question that most tenants face when looking for a new rental should i sign a one-year lease or sign a month-to-month agreement we will weigh in both options discussing the pros and cons to hopefully help you decide in which type of rental agreement suits you best but before we start let me give you the 4-1-1 on rental agreements a rental agreement is basically a written contract between the property owner and a tenant who wants temporary possession of the property the agreement covers the rental terms such as but not limited to the names of the parties involved the address of the rental unit the amount of rent to be paid and the length of tenancy now there are two types of rental agreements month to month or fixed term a month-to-month tenancy is one that has no fixed end date the lease automatically renews until you

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Under California state law, a landlord can terminate a month-to-month tenancy by serving a 30-day written notice if the tenancy has lasted less than one year, or a 60-day notice if the tenancy has lasted more than one year.
In Ontario, when a residential lease expires, and there is no new lease, the tenancy automatically becomes a month-to-month tenancy. The main advantage for tenants with a month-to-month tenancy is that they have much more flexibility if they decide to move.
Monthly, no fixed term: If you pay rent monthly and you are not in a fixed term tenancy, then you must give at least 60 days notice and the termination date has to be the last day of a rental month. Example: You have a month-to-month tenancy and pay rent on the first day of each month.
Yes; a landlord can terminate a month-to-month lease in Ontario as long as the reason for lease termination is legal, appropriate, and processed the right way.
Yes; a landlord can terminate a month-to-month lease in Ontario as long as the reason for lease termination is legal, appropriate, and processed the right way.
Periodic agreement Either the landlord or tenant may end a periodic tenancy by giving notice. Most periodic tenancies are month-to-month, but they can also be week-to-week or year-to-year.
There will be no end date to the tenancy agreement unless both the landlord and the tenant agree to it. Thus, the renter does not commit to any specific rental time, and the payment terms remain as previously agreed upon under a month-to-month leasing agreement.
The end of a fixed term tenancy or lease does not mean that the tenant has to move out or sign a renewal or new lease in order to stay. The lease is renewed automatically on a month-to-month basis (if the rent is paid monthly) or week-to-week basis (if rent is paid weekly).

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