Month to month lease language

Month to month lease language

Developer · Garland, TX · Member since 2008 · 8k+ posts · 4k+ votes

Anyone want to share their lease verbiage for a month to month agreement? Mine are all 1 year or more, but now I need to do a month to month.

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Flipper · Phoenix, AZ · Member since 2009 · 973 posts · 679 votes
15y

In section 1 (term):

"1. The initial term of this lease shall be ___ months, beginning ________________ and ending Noon, __________________."

In section 9 (hold over).

"This lease will automatically renew on a monthly basis unless Management receives written notice of intent to terminate at least 30 days prior to the end of this lease."

To do month-to-month, we simply write the term as being a month long, with the automatic renewal being month-to-month.

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  • Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
    15y

    I use the same lease and just make the lease term one month. It already has language to extend it month-to-month after the lease term ends.

  • Developer · Garland, TX · Member since 2008 · 8k+ posts · 4k+ votes
    15y

    10,000 posts, Jon Holdman!!

  • Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
    15y

    Holy cow, I didn't even notice.

  • Flipper · Phoenix, AZ · Member since 2009 · 973 posts · 679 votes
    15y

    In section 1 (term):

    "1. The initial term of this lease shall be ___ months, beginning ________________ and ending Noon, __________________."

    In section 9 (hold over).

    "This lease will automatically renew on a monthly basis unless Management receives written notice of intent to terminate at least 30 days prior to the end of this lease."

    To do month-to-month, we simply write the term as being a month long, with the automatic renewal being month-to-month.

  • Milwaukee, WI · Member since 2009 · 203 posts · 50 votes
    15y

    in my lease, whatever is filled in/checked counts:

    (a) Month to month beginning on __________
    (b) For a term of ___ months, beginning on __________ and continuing to ____________.
    NOTE: an agreement for a fixed term expires without further notice. If tenancy is to be
    continued beyond this term, parties should make arrangements in advance of the expiration.

    And then in the additional terms:

    TENANT'S NOTICE TO VACATE: Tenant must provide Landlord with at least a thirty (30) day notice prior to ending a month to month tenancy and vacating the unit unless a longer notice period has been set forth in this Agreement or in an addendum.

  • Real Estate Investor · Seattle, WA · Member since 2009 · 308 posts · 61 votes
    15y

    I have my first month to month coming up and the end of this month from 12 month lease expiring. The tenant wants to stay 1 more month "or longer". They are my best tenants. I usually sign a year lease to hedge my vacancy and not have four rentals lease expiration are all on top of each other.

    Should I let him go month to month in this economy and risk passing rental season?

    Whats your opinions?

  • SFR Investor · Orange County, CA · Member since 2009 · 1k+ posts · 1k+ votes
    15y
    Originally posted by Jet_Speed:
    Should I let him go month to month in this economy and risk passing rental season?

    Whats your opinions?

    You can only influence, not control, what he does. You might try offering him a "menu" of options for lease renewal, each with a different rental rate.

    For example:
    Option 1: Month-to-Month = $1,100/month
    Option 2: 6 Month Lease = $1,075/month
    Option 3: 1 Year Lease = $1,050/month

  • Real Estate Investor · Seattle, WA · Member since 2009 · 308 posts · 61 votes
    15y

    I would have to cancel the current lease that ends this month with a notice by Sunday. I can give 20days notice. 6months puts me in winter when no one moves.

    Another year lease would be at the same rent $200-$350 month less than the comps. But the tenants do not realize this.

    He said he is looking for something with a fenced yard.

  • Developer · Garland, TX · Member since 2008 · 8k+ posts · 4k+ votes
    15y

    Can you fence the yard?

  • Real Estate Investor · Seattle, WA · Member since 2009 · 308 posts · 61 votes
    15y

    They are looking for a house with a fenced yard for their small dog. They are currently in front of my duplex with no access door to the back yard so me putting a fence in would be tough to do in the front yard.

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