The relationship of landlord/tenant or lessor/lessee is created by contract. The person who owns the real property is known as the lessor or landlord. The lessee, or tenant, is the one who occupies the property.
Tenancies are classified by duration as tenancies for years, from year to year, month to month, and at will. A tenancy for years is one under which the tenant has an estate of definite duration. The term "for years" is used to describe such a tenancy even though the duration of the tenancy is for only one year or for less than a year. A tenancy from year to year or month to month is one under which a tenant, holding an estate in land for an indefinite duration, pays an annual, monthly, or weekly rent.
When land is held for an indefinite period, which may be terminated at any time by the landlord or the tenant, a tenancy at will exists.
A Wisconsin Month to Month or Monthly Rental Agreement of Furnished Apartment is a legally binding document that outlines the terms and conditions between a landlord and a tenant for renting a fully furnished apartment on a monthly basis. This type of rental agreement offers flexibility to both parties, allowing the tenant to rent on a month-to-month basis without being tied down to a long-term lease commitment. The Wisconsin Month to Month or Monthly Rental Agreement of Furnished Apartment typically includes the following key provisions: 1. Identification of the Parties: The rental agreement clearly identifies the landlord and the tenant, including their legal names and contact information. 2. Description of the Property: The agreement should include a detailed description of the apartment, including its address, specific unit number, and any included furnishings or amenities. 3. Rental Term: The agreement specifies that the rental term is on a month-to-month basis, allowing the tenant to renew or terminate the agreement at the end of each month. 4. Rent Payment: The rental agreement outlines the monthly rent amount and the due date for payment, along with any accepted payment methods. It may also include information on late fees or penalties for overdue rent. 5. Security Deposit: The agreement should detail the amount of the security deposit required, as well as the conditions for its return at the end of the tenancy. 6. Maintenance and Repairs: The agreement defines the responsibilities of both the landlord and the tenant when it comes to maintenance and repairs. It may include information on how to report any issues or repairs needed. 7. Utilities and Additional Expenses: The agreement specifies which utilities and additional expenses, such as electricity, water, internet, or cable TV, are included in the monthly rent, and whether the tenant is responsible for any utility payments. 8. Termination and Notice Period: The rental agreement outlines the notice period required for both the landlord and the tenant to terminate the agreement. This allows each party to end the tenancy with proper notice. Wisconsin offers various types of monthly or month-to-month rental agreements, specifically tailored to meet different needs. Some common variations include: 1. Student Housing Month to Month Rental Agreement: A rental agreement specifically designed for students, often found near college campuses. It may include provisions for roommates, quiet hours, and other student-related considerations. 2. Corporate or Short-Term Month to Month Rental Agreement: This type of agreement caters to individuals or businesses in need of temporary housing due to job relocations, extended work assignments, or any circumstances requiring short-term accommodation. 3. Vacation Rentals Month to Month Rental Agreement: In popular tourist destinations, vacation rental agreements are often available on a month-to-month basis. These agreements may include specific terms related to occupancy limits, use of amenities, and cleaning expectations. 4. Senior or Retirement Housing Month to Month Rental Agreement: Rental agreements for senior or retirement communities may have specific provisions addressing age restrictions, access to healthcare facilities, and other amenities geared towards seniors. In conclusion, a Wisconsin Month to Month or Monthly Rental Agreement of Furnished Apartment provides a flexible and convenient option for tenants looking to rent a fully furnished apartment on a month-to-month basis. It allows both the landlord and tenant to enjoy the benefits of a rental agreement without a long-term commitment.
