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Month-to-month means a renewable term of one month. The term month-to-month is normally used in the context of tenancies and it refers to a tenancy in which the tenant pays monthly rent and there is no fixed-term lease .
What is a month-to-month arrangement?
For month-to-month leases, there must be seven days of notice. For year-to-year leases or those with other definite terms, landlords must notify the tenant, or vice versa, within a month of the end of the lease. On leases lasting between one week and one month, notice must be given at least two days in advance.
What is another name for a month-to-month lease?
A month-to-month lease, often termed a periodic tenancy, is a flexible rental agreement between a tenant and landlord without a predetermined termination date. This lease type renews each month automatically until either party, landlord or tenant, issues a legally-recognized notice to conclude the agreement.
Is a month-to-month lease good or bad?
Unlike a long-term lease, which typically lasts for a specific duration like one year, a month-to-month agreement automatically renews each month until either the tenant or the landlord decides to end it.
What is the meaning of month-to-month?
Month-to-month lease terms may be ideal if youre looking for more flexibility on who you rent to throughout the year or planning on renting the property out for a short period. This can also be a great option if an active fixed-term lease ends, but the tenants need more time to find their next home.
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A month-to-month agreement is a 30-day contract. Each time you pay rent, you renew the contract for another 30 days.
Related links
month-to-month | Wex | US Law | LII / Legal Information Institute
Month-to-month is a one-month renewable tenancy with no fixed lease. Either landlord or tenant can end it with 30 days notice, typically. Each month is a new tenancy.
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