Common use of Printed Name Clause in Contracts

Printed Name. A month-to-month lease agreement is a legal document that outlines a formal relationship between a real property owner and another party to rent residential property monthly. Table of Contents What is a Month-to-Month Lease Agreement? A month-to-month lease is a tenancy at will with an undetermined end date. For most month-to-month leases, the tenants and landlords must give at least a 30-day notice to terminate if they do not intend to continue the tenancy. Month-to-month leases continue each month until the landlord or tenant provides notice to terminate the lease, unlike standard lease agreements that are usually for a set period, like one year. Unlike long-term fixed rental agreements, month-to-month leases automatically renew at the end of the rent payment period unless you or the tenant end the tenancy. A month-to-month rental agreement affords landlords and tenants many benefits, but there are processes and laws (and pros and cons) you should know before entering this type of short-term rental contract. A month-to-month rental agreement will include all of the following: Premises: the location of the apartment, house, or room for rent Landlord: (also called the lessor) the owner or manager of the Premises Tenant: (also called the lessee) the person(s) agreeing to rent the Premises Monthly Rent: the amount the tenant owes the landlord each month Eviction Notice: the length of time in which the Landlord must provide advance notice to the Tenant before terminating the contract for non-payment of rent by the due date or violation of another lease term Note: The free Month-to-Month Lease Agreement template we offer on this page will work for all states except California, Florida (this state has specific guidelines for periodic tenancies), and Washington, D.C. Visit the California lease agreement, Florida lease agreement, and Washington, D.C. lease agreement pages for free templates that can be used for month-to-month rentals in those locations and review the applicable laws in those specific areas. If you aren’t sure about leasing your rental property long-term, a month-to-month rental contract is a great choice. It allows you to earn rental income while giving you legal protection. Required Termination Periods by State For most states, a party must provide 30 days’ notice to end a month-to-month lease. For agreements without written termination rules, 30 days’ notice is standard. Sometimes, you must give more than 30 days’ notice to a month-to-month tenant. Some states and cities require as few as seven days and as many as 90 days. For example, some states require landlords to provide 60 days’ notice to tenants who have lived in the rental property for more than one year. In addition, states like California require landlords to give tenants 90 days’ notice if the rent will increase by more than 10%. There are also situations where landlords may provide less than 30 days’ notice to end a month-to-month rental agreement if the tenant is at fault and the landlord wants to start the eviction process. Some of these scenarios include: The tenant fails to pay rent or is in arrears A tenant causes significant damage to the property The tenant is in breach of the lease Many month-to-month leases include rules regarding when to deliver notice (often the first of the month when the rent is due). A few states allow tenants to provide notification and move out in the middle of consecutive months. In these scenarios, the tenant pays prorated rent for the month of the move. How Month-to-Month Lease Agreements Work A month-to-month lease is a type of periodic lease that allows the tenant and landlord to continue the tenancy as long as both parties agree to the rental arrangement. Month-to-month tenancy works as follows: The landlord and tenant agree to a month-to-month lease for an undefined period until either party wishes to terminate. The tenancy begins on the date indicated in the agreement. When providing proper termination notice, the tenant and landlord must adhere to contract terms and state and local statutes. The legal time frame for terminating a month-to-month lease varies widely depending on the location. Typically, the termination notice period is at least thirty (30) days. This means a notice to terminate a month-to-month tenancy will end upon completing the next full monthly term. A month-to-month lease can be established based on a written month-to-month or fixed-term lease agreement with no specific duration. A month-to-month lease is also implied if the landlord accepts monthly rent payments without a written contract. A month-to-month lease may apply if a long-term lease ends and the tenant continues to pay rent to the landlord monthly. Some cities and states have stringent laws regarding providing the required notice under a month-to-month lease. If you are unsure which time limits apply to your situation, contacting a real estate attorney is best. Month-to-Month Lease: Pros and Cons Month-to-month leases offer advantages and disadvantages for landlords and tenants. In addition to learning the pros and cons, landlords and tenants should understand their rights regarding month-to-month leases. Advantages for Landlords More flexibility. They can adjust the lease terms or increase the rent if these modifications are consistent with state and local laws. Termination without cause. Since month-to-month tenancy is often considered at will, the landlord can terminate the lease without cause as long as they provide the proper legal notice. Better tenant pool. Landlords benefit from month-to-month leases because they can retain high-quality tenants who do not want a long-term lease agreement. Disadvantages for Landlords Risk of losing tenants. When they sign a month-to-month lease agreement, landlords risk losing tenants more quickly. No penalty for lease termination. While a long-term lease agreement may include penalties for early termination, month-to-month leases do not. High tenant turnover. This can cost the landlord significantly if they cannot find someone to rent the space quickly. More fees. A landlord may have to pay advertising and cleaning fees every time a tenant moves out, which can add up over time. Advantages for Tenants Flexibility. Tenants on a month-to-month lease also benefit from the flexibility of at-will tenancy. If they pay rent on time, the lease continuously renews without a specific end date. Easier termination. They can terminate the agreement with proper notice at any time. No early termination penalties with notice. A tenant does not have to pay an early-termination penalty if they decide to move out and provide proper notice. Disadvantages for Tenants Little time to prepare to move. Since the landlord can decide to terminate the lease at any time without cause, the tenant may have to move with little warning. Rent increases. A tenant on a month-to-month may also face frequent rent increases Tenency term chances. Month-to-month leases often come with changing tenancy terms each month, which can be unpredictable and challenging. Month-to-Month Rental Lease Agreement Sample Below you can see what a month-to-month rental lease agreement typically looks like: How to Write a Month-to-Month Rental Lease Agreement Follow the steps below to write a month-to-month rental lease agreement. Step 1 – Fill in Landlord and Tenant Information 1. Landlord. Provide the landlord’s full name or company name, depending on whether the landlord is an individual or an entity. 2. Tenant. Write the tenant’s full name or company name, depending on whether the tenant is an individual or an entity.

Appears in 1 contract

Sources: Month to Month Rental Agreement

Printed Name. A month-to-month lease agreement is a legal document that outlines a formal relationship between a real property owner and another party to rent residential property monthly. Table of Contents What is a Month-to-Month Lease Agreement? A month-to-month lease is a tenancy at will with an undetermined end date. For most month-to-month leases, the tenants and landlords must give at least a 30-day notice to terminate if they do not intend to continue the tenancy. Month-to-month leases continue each month until the landlord or tenant provides notice to terminate the lease, unlike standard lease agreements that are usually for a set period, like one year. Unlike long-term fixed rental agreements, month-to-month leases automatically renew at the end of the rent payment period unless you or the tenant end the tenancy. A month-to-month rental agreement affords landlords and tenants many benefits, but there are processes and laws (and pros and cons) you should know before entering this type of short-term rental contract. A month-to-month rental agreement will include all of the following: Premises: the location of the apartment, house, or room for rent Landlord: (also called the lessor) the owner or manager of the Premises Tenant: (also called the lessee) the person(s) agreeing to rent the Premises Monthly Rent: the amount the tenant owes the landlord each month Eviction Notice: the length of time in which the Landlord must provide advance notice to the Tenant before terminating the contract for non-payment of rent by the due date or violation of another lease term Note: The free Month-to-Month Lease Agreement template we offer on this page will work for all states except California, Florida (this state has specific guidelines for periodic tenancies), and Washington, D.C. Visit the California lease agreement, Florida lease agreement, and Washington, D.C. lease agreement pages for free templates that can be used for month-to-month rentals in those locations and review the applicable laws in those specific areas. If you aren’t sure about leasing your rental property long-term, a month-to-month rental contract is a great choice. It allows you to earn rental income while giving you legal protection. Required Termination Periods by State For most states, a party must provide 30 days’ notice to end a month-to-month lease. For agreements without written termination rules, 30 days’ notice is standard. Sometimes, you must give more than 30 days’ notice to a month-to-month tenant. Some states and cities require as few as seven days and as many as 90 days. For example, some states require landlords to provide 60 days’ notice to tenants who have lived in the rental property for more than one year. In addition, states like California require landlords to give tenants 90 days’ notice if the rent will increase by more than 10%. There are also situations where landlords may provide less than 30 days’ notice to end a month-to-month rental agreement if the tenant is at fault and the landlord wants to start the eviction process. Some of these scenarios include: The tenant fails to pay rent or is in arrears A tenant causes significant damage to the property The tenant is in breach of the lease Many month-to-month leases include rules regarding when to deliver notice (often the first of the month when the rent is due). A few states allow tenants to provide notification and move out in the middle of consecutive months. In these scenarios, the tenant pays prorated rent for the month of the move. How Month-to-Month Lease Agreements Work A month-to-month lease is a type of periodic lease that allows the tenant and landlord to continue the tenancy as long as both parties agree to the rental arrangement. Month-to-month tenancy works as follows: The landlord and tenant agree to a month-to-month lease for an undefined period until either party wishes to terminate. The tenancy begins on the date indicated in the agreement. When providing proper termination notice, the tenant and landlord must adhere to contract terms and state and local statutes. The legal time frame for terminating a month-to-month lease varies widely depending on the location. Typically, the termination notice period is at least thirty (30) days. This means a notice to terminate a month-to-month tenancy will end upon completing the next full monthly term. A month-to-month lease can be established based on a written month-to-month or fixed-term lease agreement with no specific duration. A month-to-month lease is also implied if the landlord accepts monthly rent payments without a written contract. A month-to-month lease may apply if a long-term lease ends and the tenant continues to pay rent to the landlord monthly. Some cities and states have stringent laws regarding providing the required notice under a month-to-month lease. If you are unsure which time limits apply to your situation, contacting a real estate attorney is best. Month-to-Month Lease: Pros and Cons Month-to-month leases offer advantages and disadvantages for landlords and tenants. In addition to learning the pros and cons, landlords and tenants should understand their rights regarding month-to-month leases. Advantages for Landlords More flexibility. They can adjust the lease terms or increase the rent if these modifications are consistent with state and local laws. Termination without cause. Since month-to-month tenancy is often considered at will, the landlord can terminate the lease without cause as long as they provide the proper legal notice. Better tenant pool. Landlords benefit from month-to-month leases because they can retain high-quality tenants who do not want a long-term lease agreement. Disadvantages for Landlords Risk of losing tenants. When they sign a month-to-month lease agreement, landlords risk losing tenants more quickly. No penalty for lease termination. While a long-term lease agreement may include penalties for early termination, month-to-month leases do not. High tenant turnover. This can cost the landlord significantly if they cannot find someone to rent the space quickly. More fees. A landlord may have to pay advertising and cleaning fees every time a tenant moves out, which can add up over time. Advantages for Tenants Flexibility. Tenants on a month-to-month lease also benefit from the flexibility of at-will tenancy. If they pay rent on time, the lease continuously renews without a specific end date. Easier termination. They can terminate the agreement with proper notice at any time. No early termination penalties with notice. A tenant does not have to pay an early-termination penalty if they decide to move out and provide proper notice. Disadvantages for Tenants Little time to prepare to move. Since the landlord can decide to terminate the lease at any time without cause, the tenant may have to move with little warning. Rent increases. A tenant on a month-to-month may also face frequent rent increases Tenency term chances. Month-to-month leases often come with changing tenancy terms each month, which can be unpredictable and challenging. Month-to-Month Rental Lease Agreement Sample Below you can see what a month-to-month rental lease agreement typically looks like: How to Write a Month-to-Month Rental Lease Agreement Follow the steps below to write a month-to-month rental lease agreement. . Step 1 Fill in Landlord and Tenant Information 1. Landlord. Provide the landlord’s full name or company name, depending on whether the landlord is an individual or an entity. 2. Tenant. Write the tenant’s full name or company name, depending on whether the tenant is an individual or an entity. If there is more than one tenant, enter the name of each additional tenant. Step 2 – Enter Premises Details 3.

Appears in 1 contract

Sources: Month to Month Lease Agreement

Printed Name. You can export the template in .doc, .xls, or .ppt format using our editor. If you're downloading the Month-to-Month Lease Agreement Template, you can use our conversion tools to save the template in these formats.The Month-to-Month Lease Agreement Template is downloadable and can be saved on your device in one simple step. Hover on the template's image and then click on the download icon-done! If the template opens in our Edit tool, the download button is on the top-left of the page.The Month-to-Month Lease Agreement Template can be easily downloaded and edited on your device. If you're clicking on Use Template then you can fill in using our editing tool-simple!Just open the Month-to-Month Lease Agreement Template in our editor and hit the share button to generate a shareable link you can send to anyone. If you download the template, you can also share it over email or shared ▇▇▇▇▇▇.▇▇ make the Month-to-Month Lease Agreement Template printable, just export it by clicking on download and then print it. If you're clicking on Use Template, you can access the print settings in the file menu of our editor. A month-to-month lease agreement (“tenancy at will”) is a legal document that outlines a formal relationship contract between a landlord and tenant for the rental of real property owner with a monthly pay period and another party to rent residential property monthlyno specified end date. Table of Contents What is a It can be terminated with proper notice, which varies by state. Month-to-Month Lease Agreement? A Rental Agreements by State How do Month-to-Month Rental Agreements Work Month-to-month rental agreements work in the following ways: It works just like a standard rental agreement, but a month-to-month lease is a tenancy agreement can be ended at will with an undetermined end date. For most month-to-month leases, the tenants any time and landlords must give at least a 30-day notice to terminate if they do not intend to continue the tenancy. Month-to-month leases continue each month until for any reason by either the landlord or tenant provides notice to terminate the lease, unlike standard lease agreements that are usually for a set period, like one year. Unlike long-term fixed rental agreements, month-to-month leases automatically renew at the end of the rent payment period unless you or the tenant end the tenancytenant. A month-to-month rental agreement affords can be terminated without penalties by giving prior written notice to either party. (read more) In most states, landlords can increase the rent and tenants many benefitschange the lease terms after providing proper notice. If no changes are made, but there month-to-month rental agreements are processes and laws (and pros and cons) you should know before entering this type automatically renewed at the beginning of short-term rental contracteach month. A month-to-month rental agreement will include all secures a tenancy for a short period of the following: Premises: the location time, typically a month, where a fixed-term rental agreement secures a tenancy for a longer period of the apartmenttime, house, or room for rent Landlord: (also called the lessor) the owner or manager typically a year. Pros & Cons of the Premises Tenant: (also called the lessee) the person(s) agreeing to rent the Premises Monthly Rent: the amount the tenant owes the landlord each month Eviction Notice: the length of time in which the Landlord must provide advance notice to the Tenant before terminating the contract for non-payment of rent by the due date or violation of another lease term Note: The free Month-to-Month Lease Agreement template we offer on this page will work for all states except California, Florida (this state has specific guidelines for periodic tenancies), and Washington, D.C. Visit the California lease agreement, Florida lease agreement, and Washington, D.C. lease agreement pages for free templates that can be used for month-to-month rentals in those locations and review the applicable laws in those specific areas. If you aren’t sure about leasing your rental property long-term, a monthRental Agreements Month-to-month rental contract is a great choiceagreements have their advantages and disadvantages. It allows you to earn rental income while giving you legal protection. Required Termination Periods by State For most states, a party must provide 30 days’ notice to end a month-to-month lease. For agreements without written termination rules, 30 days’ notice is standard. Sometimes, you must give more than 30 days’ notice to a month-to-month tenant. Some states Below we will examine the pros and cities require as few as seven days and as many as 90 days. For example, some states require landlords to provide 60 days’ notice to tenants who have lived in the rental property for more than one year. In addition, states like California require landlords to give tenants 90 days’ notice if the rent will increase by more than 10%. There are also situations where landlords may provide less than 30 days’ notice to end a month-to-month rental agreement if the tenant is at fault and the landlord wants to start the eviction process. Some cons of these scenarios include: The tenant fails to pay rent or is in arrears A tenant causes significant damage to the property The tenant is in breach of the lease Many month-to-month leases include rules regarding when to deliver notice (often the first of the month when the rent is due). A few states allow tenants to provide notification and move out in the middle of consecutive months. In these scenarios, the tenant pays prorated rent for the month of the move. How Month-to-Month Lease Agreements Work A month-to-month lease is a type of periodic lease that allows the tenant and landlord to continue the tenancy as long as both parties agree to the rental arrangement. Month-to-month tenancy works as follows: The landlord and tenant agree to having a month-to-month lease agreement for an undefined period until either party wishes to terminateboth landlords and tenants. The tenancy begins on the date indicated in the agreementLandlord Advantages Imply a rent increase at any time (with proper notice). When providing proper termination notice, the tenant and In most states a landlord must adhere to contract terms and state and local statutes. The legal time frame for terminating can terminate a month-to-month lease varies widely depending without a legal reason (as long as proper notice is provided). Easily change the terms of the lease (with proper notice). Keep quality tenants. Tenant Advantages Automatic lease renewal. No fixed end dates. Move out at any time (with proper notice). No penalty for breaking a lease early. Landlord Disadvantages Risk of high tenant turnover. The tenant can move out at any time (with proper notice). Costly expenses of tenant turnover (i.e., advertising, cleaning, repairs, etc.). Income insecurity if there is a vacant unit. Tenant Disadvantages The lease can be terminated, and the tenant must find new housing accommodations quickly. Rent can be increased frequently. Terms of the lease can be changed frequently. Frequent hard inquires on the locationcredit score (if a tenant chooses to seek short-term rental agreements). Typically, the termination notice period is at least thirty (30) days. This means Ultimately a notice to terminate a month-to-month tenancy will end upon completing the next full monthly term. A month-month- to-month lease can be established based on a written month-to-month or fixed-term lease agreement with no specific duration. A month-to-month lease is also implied if provides flexibility for both the landlord accepts monthly rent payments without a written contract. A month-to-month lease may apply if a long-term lease ends and the tenant continues to pay rent to the landlord monthly. Some cities and states have stringent laws regarding providing the required notice under a month-to-month lease. If you are unsure which time limits apply to your situation, contacting a real estate attorney is best. Month-to-Month Lease: Pros and Cons Month-to-month leases offer advantages and disadvantages for landlords and tenants. In addition to learning the pros and cons, landlords and tenants should understand their rights regarding month-to-month leases. Advantages for Landlords More flexibility. They can adjust the lease terms or increase the rent if these modifications are consistent with state and local laws. Termination without cause. Since month-to-month tenancy is often considered at will, the landlord can terminate the lease without cause as long as they provide the proper legal notice. Better tenant pool. Landlords benefit from month-to-month leases because they can retain high-quality tenants who do not want a long-term lease agreement. Disadvantages for Landlords Risk of losing tenants. When they sign a month-to-month lease agreement, landlords risk losing tenants more quickly. No penalty for lease termination. While a long-term lease agreement may include penalties for early termination, month-to-month leases do not. High tenant turnover. This can cost the landlord significantly if they cannot find someone to rent the space quickly. More fees. A landlord may have to pay advertising and cleaning fees every time a tenant moves out, which can add up over time. Advantages for Tenants Flexibility. Tenants on a month-to-month lease also benefit from the flexibility of at-will tenancy. If they pay rent on time, the lease continuously renews without a specific end date. Easier termination. They can terminate the agreement with proper notice at any time. No early termination penalties with notice. A tenant does not have to pay an early-termination penalty if they decide to move out and provide proper notice. Disadvantages for Tenants Little time to prepare to move. Since the landlord can decide to terminate the lease at any time without cause, the tenant may have to move with little warning. Rent increases. A tenant on a month-to-month may also face frequent rent increases Tenency term chancestenant. Month-to-month leases often come with changing tenancy terms each monthagreements might be appealing to tenants who are students, which can be unpredictable and challengingpeople who travel frequently, those who don’t want to commit to a year lease, or are prospective buyers. Month-to-Month Rental Lease Agreement Sample Below you can see what a monthmonth agreements might be less appealing to those who want to be long-to-month rental lease agreement typically looks like: How term renters. Notice Requirement to Write a Terminate Month-to-Month Rental Lease Agreement Follow Leases The table below outlines state-specific notice period requirements. State Notice Period to End Month-to-Month Tenancy Notice Period to End Week-to-Week Tenancy Alabama 30 days 7 days Alaska 30 days 14 days Arizona 30 days 10 days Arkansas 30 days 7 days California 30 days (resided there less than 1 year); or 60 days (resided there more than a year) 7 days Colorado 91 days (one year or longer); 28 days (6 months or longer but less than one year); or 21 days (one more or longer, but less than 6 months) 3 days Connecticut 3 days 3 days Delaware 60 days No Statute Florida 15 days 7 days Georgia 60 days from landlord; or 30 days from tenant No Statute Hawaii 45 days from landlord; or 28 days from tenant 10 days Idaho 1 month No Statute Illinois 30 days 7 days Indiana 1 month No Statute Iowa 30 days 10 days Kansas 30 days 7 days Kentucky 30 days 7 days Louisiana 10 days 5 days Maine 30 days 30 days Maryland 30 days 30 days Massachusetts 30 days 30 days Michigan 1 month 7 days Minnesota 30 days 14 days Mississippi 30 days 7 days Missouri 30 days No Statute Montana 30 days 7 days Nebraska 30 days 7 days Nevada 30 days 7 days New Hampshire 30 days 7 days New Jersey 1 month No Statute New Mexico 30 days 7 days New York 30 days (if property is located outside of New York City) 30 days (if the tenancy is less than a term of one year and property is inside New York City) 60 days (for tenancies more than one year but less than two years and property is inside New York City ) 90 days (for tenancies more than two years and property is inside New York City) 30 days North Carolina 7 days 2 days North Dakota 30 days 7 days Ohio 30 days 7 days Oklahoma 30 days 7 days Oregon 30 days No Statute Pennsylvania 30 days (tenancy more than one year); or 15 days (tenancy less than one year) No Statute Rhode Island 30 days 10 days South Carolina 30 days 7 days South Dakota 30 days from the landlord; or 15 days from the tenant 7 days Tennessee 30 days 10 days Texas 1 month 7 days Utah 15 calendar days No Statute Vermont 60 days (tenancy less than two years); or 90 days (tenancy more than two years) 21 days Virginia 30 days 7 days Washington 20 days No Statute Washington D.C. 30 days No Statute West Virginia 1 month 7 days Wisconsin 28 days 5 days Wyoming No Statute No Statute Below we will go through the steps below on how to write a month-to-month rental lease agreement. Step 1 – Fill in Landlord and Tenant Information 1. Landlord. Provide the landlord’s full name or company name, depending on whether the landlord is an individual or an entity. 2. Tenant. Write the tenant’s full name or company name, depending on whether the tenant is an individual or an entity.I.

Appears in 1 contract

Sources: Month to Month Rental Agreement