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Six-month, one-year, and two-year rentals are commonly chosen, but month-to-month arrangements offer flexibility for both landlords and tenants. This video discusses the pros and cons of month-to-month leases and provides guidance on drafting such agreements. A month-to-month lease, also known as tenancy at will, allows landlords to evict tenants without a fixed lease term, with automatic renewal each month unless written notice of cancellation is given as per state law. The process of moving in, evicting tenants, and adhering to local regulations resembles that of a standard lease. Viewers will learn about key components to include in a month-to-month lease agreement.