General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago on . Most recent reply

Transition from 1 year lease to month to month
Hello,
We live in the city of Milwaukee, WI. We are transitioning a tenant from a 1 year lease to a month to month lease. We are not increasing the rent at this time. My husband thinks we do not need to have them sign a formal month to month lease, but I prefer to have all steps documented. Do I need to have the tenant sign a month to month lease?
Most Popular Reply

If you used a standard lease form, then the conversion to MTM is already covered there. In any case, just read the lease that you did use to see what it says about what happens at the end of the 1 year term.