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Month-to-month rentals offer flexibility for both landlords and tenants, alongside traditional six-month and one-year leases. However, this arrangement has drawbacks that should be considered. The video outlines essential information for deciding if a month-to-month lease is suitable, including how to draft and what to include in the agreement. Known as tenancy at will, this lease enables landlords to evict tenants at any time, with automatic renewal each month unless proper written notice is given by either party. Despite its flexibility, a month-to-month rental agreement follows similar rules as a standard lease regarding tenant eviction and adherence to local laws.