What is 'Tenancy At Will'
Tenancy at will, also known as estate at will, is a tenancy agreement where a tenant occupies property with the consent of the owner but without an agreement that specifies a definite rental period or the regular payment of rent.
A tenancy at will is a property tenure that can be terminated at any time by either the tenant or the owner (landlord), and it exists without a contract or lease and is unspecific in duration or the exchange of payment. A tenancy at will arrangement is desirable to tenants and owners wishing to have the flexibility to change rental situations easily and without breaking a contract.
BREAKING DOWN 'Tenancy At Will'
Tenancy at will defines the relationship between the landlord and tenant when strict terms, such as those contained within a lease agreement, are not present, are defective in nature or have expired as well as contracts specifying an at-will agreement. A tenancy at will agreement can also be created from the beginning of the landlord-tenant relationship. Another term for tenancy at will is a month-to-month agreement. In contrast to periodic tenancy, the intention that results in a tenancy at will relationship was for a longer term agreement to be created.
Protection under Tenancy at Will
Even in the absence of a written agreement, both parties are afforded legal protections governing the relationship. For example, the landlord must provide a safe environment as required by law. Additionally, the landlord must provide notice prior to entering the tenant occupied property as governed by local statutes.
The tenant is responsible for any rent payments and must adhere to any rules agreed upon by the landlord and tenant. The tenant is also responsible for any damages beyond normal wear and tear on the property. Both parties must follow local regulations in regards to an intention to vacate or have the property vacated.
Notice of Intention to Vacate
While a tenancy at will arrangement may not have written and agreed-upon requirements regarding notification of intention to vacate, terms are generally spelled out within local landlord-tenant regulations. It is not uncommon for a 30-day notice to apply to both the tenant and the landlord. This means that should the tenant intend to vacate, or the landlord wishes for the tenant to vacate, 30 days’ notice must be supplied to the other party. A reason for the request to vacate is not required to be cited by either party. Traditionally, said notice is provided in writing.