Month-To-Month Tenancy
Definition of 'Month-To-Month Tenancy'A type of rental agreement. Month-to-month tenancy is based upon the idea that the lease is renewed at the end of each month. If the renter decides to leave at the end of the month, then he/she/they may do so without breaking the lease. |
|
Investopedia explains 'Month-To-Month Tenancy'In a month-to-month tenancy, a renter can live in a dwelling as long as he or she wishes provided the rent is paid on time and the landlord does not give prior notice of vacancy. Of course, the renter can also cancel the lease at any time with notice. Basically, the renter can stay until either the renter or the landlord decides differently. These shorter term leases are much more flexible for renters, especially if they do not know how long they will stay in a particular place. |
Related Definitions
Articles Of Interest
-
Tips For The Prospective Landlord
Investing in rental property can generate serious income, but there's more to it than collecting rent. -
Top Tips For Successfully Renting Out Your Home
Renting out your home can be a great way to ride out a real estate slump - if you do it right. -
Sell Your Rental Property For A Profit
Being a landlord can be taxing, especially when you want to sell. Find out how to reduce your burden. -
Simple Ways To Invest In Real Estate
Owning property isn't always easy, but there are plenty of perks. Find out how to buy in. -
Becoming A Landlord: More Trouble Than It's Worth?
On the surface, being a landlord seems likes like a surefire bet, but it's usually more headache than it's worth. -
Vacation Home Or Income-Producing Investment?
There is an alternative to letting your cottage sit empty all year, but turning a profit won't be easy. -
Can't Sell Your Home? Rent It
Find out how to profit from your property when the housing market dips. -
The Complete Guide To Becoming A Landlord
Being a landlord can be a fulfilling and financially rewarding experience. However, the decision to become a landlord should not be taken lightly. -
Reasons Renting Is Better Than Buying
Owning a home is much more expensive than renting. Here are the places where the costs differ greatly. -
Retirement Living: Renting Vs. Home Ownership
Here are three simple questions you should consider when weighing this decision.
Free Annual Reports