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Six-month, one-year, and two-year rentals are common, but month-to-month arrangements offer flexibility for both landlords and tenants. However, this type of lease, also called tenancy at will, has drawbacks that should be considered. In this video, viewers will learn about the pros and cons of month-to-month leases, as well as essential components for drafting a lease agreement. A month-to-month lease allows landlords to evict tenants at any time, with the contract automatically renewing monthly unless one party provides written notice of cancellation according to state law. Both month-to-month agreements and standard leases require adherence to local regulations regarding tenant moves and evictions.