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Wednesday, 29 January 2020
Agent Resource Center
Agent Resource Center

Word of the Day - Month-to-Month Tenancy

A periodic tenancy whereby the tenant rents for one period at a time. In the absence of a rental agreement (oral or written), a tenancy is generally considered to be month-to-month or, in the case of boarders, week-to-week. Under such a tenancy, the estate continues renew¬ing for an indefinite period of time until either lessor or lessee gives the statutory notice of termination. This notice, as outlined by the various state statutes, must generally be given at least one rental period before termination. In other words, if the rent is due each month, one month’s notice must be given; if the rent is due each week, one week’s notice must be given; and so forth. In some states, the required notice can be given at any time during the month.

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