A month-to-month lease agreement is a rental contract that allows tenants to occupy a property on a monthly basis, providing flexibility to both parties. This type of lease can be terminated with minimal notice, making it ideal for those who prefer not to be locked into a long-term contract.
When drafting a month-to-month lease, it’s essential to include the following components:
Here is a simplified example of a month-to-month lease agreement:
**MONTH-TO-MONTH LEASE AGREEMENT**
**This Lease Agreement is made on [Date] between [Landlord Name] ("Landlord") and [Tenant Name] ("Tenant").**
**1. Property Description**
The Landlord agrees to rent the property located at [Property Address], hereinafter referred to as "the Premises."
**2. Lease Duration**
This lease shall commence on [Start Date] and continue on a month-to-month basis until terminated by either party in accordance with this agreement.
**3. Rent**
Tenant agrees to pay the Landlord a monthly rent of $[Amount], due on the [Due Date] of each month.
**4. Security Deposit**
Tenant shall pay a security deposit of $[Deposit Amount] prior to moving in, which will be refundable upon termination, less any deductions for damages.
**5. Termination Notice**
Either party must provide a written notice of [Notice Period, e.g., 30 days] to terminate this agreement.
**6. Maintenance and Repairs**
Tenant agrees to maintain the Premises in good condition and promptly notify the Landlord of any needed repairs.
**7. Governing Law**
This Lease Agreement shall be governed by the laws of the state of [State].
**IN WITNESS WHEREOF**, the parties hereto have executed this Month-to-Month Lease Agreement on the day and year first above written.
______________________________
[Landlord Name]
______________________________
[Tenant Name]
A month-to-month lease agreement provides a flexible rental option that can be beneficial for both landlords and tenants. By understanding the essential components and utilizing a clear template, you can create a comprehensive agreement that meets your needs.