Month-To-Month Tenancy
Candlefocus EditorMonth-to-month tenancies are governed by state laws. Depending on the area, the landlord may be required to give the tenant a certain amount of notice prior to terminating the tenancy, such as 30 days. This particular requirement can vary from one state to another. The terms of the contract should always be reviewed and discussed between the tenant and the landlord.
It is important to note that the landlord and the tenant still have certain rights even in a month-to-month agreement. The landlord has the right to increase the rent after providing the tenant with proper notice and may still be entitled to receive return of the security deposit if the tenant breached the agreement. Similarly, the tenant also has certain rights as defined by the agreement.
In a month-to-month tenancy, the tenant pays a single fee each month without entering into a long-term contract. This enables the tenant to have more control over their monthly expenses, while still maintaining an agreement with the landlord. The flexibility of this particular approach is ideal for renters who are unsure of how long they will need to stay in the rental unit.
Overall, month-to-month tenancy is a great option for both landlords and tenants. The flexibility and short-term commitment provide an ideal solution for those who move often or are unsure of how long they will need the unit. It is important to understand the terms and conditions of the contract prior to entering into such an agreement.