Fix code in the Month-to-Month Rental/Lease Agreement

Aug 6th, 2022
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How to fix code in the Month-to-Month Rental/Lease Agreement

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hey gang stephen marshall ky landlordlaw.com coming to you with an update from the kentucky court of appeals uh its kind of an exciting thing because we dont get much by the way of case law in the landlord tenant arena its typically too expensive for either side to appeal their case up to either the kentucky court of appeals or the kentucky supreme court beyond there so landlords tenants their attorneys were left trying to guess how our local district court judges will interpret the statutes that we have but last month we got some additional clarification in the case of young versus house which originated in the pulaski district court and in the blog post that accompanies this video you can read the entire court kentucky court of appeals opinion if you want to in this case we had a lease that had expired and the tenants had been renting month to month now rent was due on the first with a grace period to the third day of the month to make their payment the landlords gave the tenants

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What Is a Month-to-Month Tenancy? A month-to-month tenancy is a periodic tenancy created when the renter is granted possession of the property with no definite expiration date and pays the owner on a monthly basis. This tenancy is most commonly found in residential leases.
Be aware that if you are in a month-to-month tenancy, the landlord or tenant must only give 30 days notice before the lease ends. If the lease term is more than one year, it must be in writing, or it is unenforceable. Description of Property: A lease must accurately describe the property being leased.
This Agreement shall begin on , 20 and shall continue on a month-to-month basis until further notice of Lessor or Lessee. Either party may terminate this Agreement upon a -day written notice served on the other party.
Often, the terms lease agreement and rental agreement are used interchangeably to mean the same thing.
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.
A month-to-month rental agreement means that a landlord is always 30 days away from having an empty unit. That may hinder a landlords ability to plan for the long term, both professionally and personally.
Under a fixed-term lease, sometimes called a term lease, a renter leases property for a period of time specified by the Lease Agreement. A fixed-term lease may cover any length of time, though the most common terms range from six months to one year.
Also known as a short-term rental agreement, a month-to-month lease renews occupancy terms every month until either the tenant or landlord terminates the lease.

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