A Month-to-Month Rental Agreement is a rental agreement that renews automatically on a monthly basis, without a set end date, until either the landlord or the tenant provides notice. Month-to-Month Rental Agreements offer flexibility to both parties, allowing tenants to rent a property without committing to a long-term lease, while landlords benefit from the potential for higher rent payments.
Month-to-Month Rental Agreements are similar to other lease agreements in that they explain the rights and responsibilities of the landlord and tenant regarding a rental property, whether for a residential rental or a commercial rental. However, Month-to-Month Rental Agreements have different terms relating to the monthly term and renewal process, and, in many states, a 30-day notice is required to terminate the tenancy.
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