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What are the terms of a month to month lease?
A month-to-month lease is a lease that continues each month until either party provides 30 days' notice. As the name suggests, it allows tenants to live in your rental property on a month-to-month basis. Month-to-month leases are commonly used as a way to extend a lease.
What happens when a lease goes month to month?
When a lease ends, a tenant may choose to move, continue to pay rent as a month-to-month tenant, or sign a new lease. In a few states, if a tenant continues to pay rent after a lease expires and the landlord accepts the rent, the lease is automatically renewed.
Can you go month to month on a lease?
At the end of a lease, tenants and landlords can choose to sign on for another fixed-term period or go month-to-month.
Why would a landlord want a month to month lease?
The benefit of a month to month lease is that the landlord has great flexibility in controlling whether or not they want the tenants in the rental. A year-long lease also means that the tenants are protected from rent increases and from being asked to vacate by the landlord for whatever reason.