A month-to-month tenancy is a type of rental agreement where the tenant agrees to pay rent on a monthly basis, with no set end date to the tenancy. This type of agreement can be beneficial for both the landlord and the tenant, as it allows for flexibility and can be ended with relatively short notice. However, it can also be more expensive in the long run, as the landlord may charge a higher monthly rent for this type of tenancy.
What is it called when you pay month to month?
Paying month-to-month is typically referred to as renting, as you are essentially paying to use the property for a set period of time (in this case, one month). This can apply to housing, office space, vehicles, and more. There may be some benefits to paying month-to-month, such as flexibility or lower overall costs, but there can also be drawbacks, such as having to renew your rental agreement each month or having to give notice if you need to move out.
Can a landlord end a periodic tenancy? Yes, a landlord can end a periodic tenancy, but they must give the tenant(s) notice in accordance with the law. The amount of notice required depends on the type of tenancy agreement and the reason for the eviction. For example, if the tenant has not paid rent, the landlord may give them a 14-day notice to vacate. However, if the tenant is being evicted for another reason (e.g. breach of the tenancy agreement), the landlord may give them a 60-day notice.
Can landlord evict you for no reason?
There are a few reasons why a landlord may evict a tenant, but "no reason" is not one of them. In most cases, a landlord must have a valid reason for evicting a tenant, such as not paying rent, causing damage to the property, or violating the terms of the lease. If a landlord tries to evict a tenant without a valid reason, the tenant may be able to challenge the eviction in court.
What is the meaning of month on month?
The phrase "month on month" is typically used to describe a comparison between two consecutive months. For example, if you were to say that "sales increased by 10% month on month," you would be indicating that sales increased by 10% when comparing the most recent month to the previous month.
What are the two different types of tenancy agreements?
There are two primary types of tenancy agreements:Fixed-term tenancy agreements and periodic tenancy agreements.
Fixed-term tenancy agreements are typically for a set period of time, such as six months or one year. At the end of the fixed term, the tenancy agreement will either end or convert to a periodic tenancy agreement.
Periodic tenancy agreements do not have a set end date and continue on a month-to-month basis until either the tenant or landlord gives notice to end the tenancy.