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Making a Month-to-Month Rental Agreement
A Month-to-Month Lease allows tenants to live in your rental property on a monthly basis, instead of committing to a one-year (or longer) lease. Similar to other lease agreements, a month-to-month rental agreement explains the rights and responsibilities of the landlord(s) and tenant(s) regarding a residential rental property, such as an apartment or a house. You can tap or click on the "Make document" button to check out our sample Month-to-Month Rental Agreement and preview the questions that you will need to answer to generate your document.
Renting month-to-month gives tenants and landlords a flexible end date. The lease is renewed automatically each month and continues indefinitely until either party provides notice. Most states require a 30-day notice. Tenants with short-term or unclear rental needs may prefer a month-to-month lease to a one-year commitment. As a landlord, though, monthly leases may provide less income stability.
A Month-to-Month Lease renews automatically each month, with no scheduled end date. The landlord or tenant may terminate the contract at will as long as either party provides proper notice.
Whether you are renting to an acquaintance or a stranger, your Month-to-Month Rental Agreement is a step that should never be missed. The following benefits may help to inform your decision to use one:
Without a Month-to-Month Lease Agreement, you may experience one or more of the following outcomes: difficulty getting paid, unplanned property damage, and almost no ability to make demands when something goes wrong.
Making a free Month-to-Month Rental Agreement online is simple. Just answer a few questions, and Rocket Lawyer will build your document for you. Key details that you might want to cover in your Month-to-Month Lease are:
As usual, this agreement from Rocket Lawyer includes legal language around policies about smoking and/or narcotics, visitors, pets, and property damage. While building your Month-to-Month Agreement, you'll also have the ability to include more specifics about maintenance procedures, insurance requirements, and furnishings. With the Rocket Lawyer document tool, you have the power to implement more customization, as necessary.
As with any other legal contract, Month-to-Month Rental Agreements will not be legally binding until they are signed by all parties. Different from a Month-to-Month Rental Agreement template or blank PDF file that you may come across on another website, your rental contract comes with the option of Document Defense®, so an attorney can review the situation and take action if you don't get paid or face another issue.
Luckily, you will not have to pay an expensive attorney to put your contract in writing. When using the document tools on Rocket Lawyer, you are able to create a free Month-to-Month Rental Agreement today. Your contract will be assembled step by step, so you can be certain that it has all of the appropriate information that you'll need. Simply click on the button that says "Make document" to begin.
In order to make a Month-to-Month Rental Agreement truly legal, both parties must sign it, electronically or otherwise. You'll want to be sure that all signers receive a copy of your final agreement. RocketSign® makes this process very easy. As a Rocket Lawyer member, you also can save it as a Word or PDF document, print it, and/or copy it as necessary. Also, feel free to check out our collection of landlord-tenant legal documents.
Laws are continually evolving and they may differ by city. If you have any concerns related to local property rental laws, you can always ask an attorney. Having a lawyer double-check your document may take a long time if you attempt to do it alone. Another approach to consider is to go through attorney services at Rocket Lawyer. Rocket Lawyer members are able to ask for a contract review from an attorney with experience in landlord-tenant matters or pose other legal questions. As a property owner, you can be confident that Rocket Lawyer is by your side.
Many states require a 30-day notice to end a month-to-month tenancy. Exceptions exist, so make sure to check your state laws in order to remain compliant.
Landlords are more likely to charge higher rent for month-to-month leases to offset the higher risk for vacancy. Extra charges can range anywhere from $30 to $200 per month, depending on the surrounding market.