Delete Value Choice from the Month To Month Lease

Aug 6th, 2022
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How to Delete Value Choice from the Month To Month Lease

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In a conversation between Rick and an advisor, Rick seeks guidance on evicting a month-to-month tenant who is current on rent but whom he no longer wishes to have in his apartment. The advisor supports month-to-month tenancies for landlords, emphasizing their flexibility. They explain that eviction can usually be pursued even if the tenant owes no rent, but the process may differ from situations where rent debt is involved. The discussion highlights the benefits of short-term leases for landlords, allowing them to manage tenants more effectively. Rick is encouraged to follow the appropriate eviction procedures despite the tenant's on-time payments.

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A periodic tenancy is the legal name for a rolling tenancy with no fixed end date. An assured shorthold tenancy becomes periodic when a fixed term ends, unless you agree to another fixed term.
A decrease in lease term is not considered a partial termination event. A partial termination should be recorded by adjusting the lease liability and right-of-use asset. The right-of-use asset should be decreased on a basis proportionate to the partial termination of the existing lease.
If you do not have a lease and are a tenant at will, a landlord does not have to state any reason for wanting to evict you. Until individual cities or the state changes the law, no fault evictions, where a landlord is evicting a tenant who has done nothing wrong, are lawful in Massachusetts.
Account for the lease modification as a termination of the original lease and creation of a new lease from the effective date of the modification. Measure the carrying amount of the underlying asset as the net investment in the original lease immediately before the effective date of the modification.

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