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The downside of a month to month lease is that it doesn't represent as much permanence for landlords who are seeking long-term tenants. Tenants can give their vacate notice in as short as 30 days' time.If a landlord wants to get rid of a problem tenant, they often have to wait until lease renewal time to do so.

On the surface, leasing can be more appealing than buying. Monthly payments are usually lower because you're not paying back any principal. Instead, you're just borrowing and repaying the difference between the car's value when new and the car's residualits expected value when the lease endsplus finance charges.

Although landlords may appreciate a month-to-month lease's flexibility in certain scenarios, it can also be a negative. Quality, long-term tenants often pay rent on time, take care of the rental, and pose less of a flight risk, whereas month-to-month leases can end at any time and therefore lack stability.

There are tenants that must constantly move from location to location as required by their employer, and for them, a month-to-month lease offers a great deal more flexibility over a fixed-term lease.The month-to-month lease can also be beneficial for landlords depending on their specific property situation.

Under California law, a lease does have to be in writing to be enforceable, but only when the lease is for a period of more than a year.But if the lease was for only 9 months, then the Statute of Frauds would not apply, and the oral agreement between you and the landlord would be enforceable by either of you.

Name the landlord, the tenant, and provide the address to the rental property. The term of the lease. List the monthly payment. Information about the security deposit paid. What happens if the tenant defaults on the month to month lease agreement.

Month-to-month leases do provide some benefits over fixed term leases, but what's best for you depends on your situation and needs. The biggest advantages revolve around the flexibility that a month to month lease offers. The lease automatically renews each month, meaning you could theoretically stay there forever.

A month-to-month rental agreement typically lasts, as the name implies, for 30 days. Unlike a long-term lease, it typically involves an automatic renewal unless the tenant or landlord provides notice of nonrenewal, according to .

Both landlords and tenants can terminate a month-to-month lease at any time, as long as they inform the other person in writing at least 15 days before the next rent payment is due.If a tenant pays rent quarterly, 30 days' notice is required. If a tenant pays rent yearly, 60 days' notice is required.

You'll likely pay more. A month-to-month lease provides you with timeline flexibility, but it typically comes at a monthly financial cost. Because landlords have to offset the higher risk for a vacancy in the near future, they'll charge higher rent.