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Month-to-month rental arrangements offer flexibility for both landlords and tenants, although they come with certain drawbacks. This video tutorial discusses the pros and cons of this lease type, often referred to as tenancy at will, where landlords can terminate the agreement at any time with proper written notice. The lease automatically renews each month unless one party provides written cancellation via certified mail per state law. Additionally, the video covers the similarities of month-to-month agreements with standard leases, focusing on aspects such as moving in, eviction processes, and compliance with local legislation. It aims to provide guidance on drafting a month-to-month lease agreement.