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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
