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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.
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.
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.
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. The whole process can take less than 10 minutes.
You'll need the following information:Rent guidelines
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.
Many states require a 30-day notice to end a month-to-month tenancy. Exceptions exist, so make sure to check with your state’s 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.