A rental agreement
common in residential tenancy that is
created when no definite lease term is
specified by the parties or a written rental
agreement expires, the tenant remains in the
property and the rent is payable monthly.
Such tenancy structure provides for a
one-month tenancy that is automatically
renewed each month unless either tenant or
landlord gives the other the proper amount
of written notice (usually 30 days) to
terminate the agreement.
Some landlords prefer to use
month-to-month tenancies because it gives
them the right to raise the rent after
giving proper notice. This type of rental
also provides a landlord with an easy way to
get rid of troublesome tenants, because in
most states month-to-month tenancies can be
terminated for any reason.
A month-to-month
agreement may be written or oral and can
typically be terminated at the end of the
month by either party. If not terminated, it
continues to automatically from
month-to-month on the same terms.
Looking to Buy or Sell Luxury
Real Estate In Toronto, North York, Thornhill,
Woodbridge, Vaughan, Richmond Hill, Aurora, King
City and beyond...visit LuxuryBroker.ca
Mortgages247.ca 2011 Apply Online without Blackouts Mortgages247.ca is designed to provide competent and
reliable information regarding the subject matter covered. However it is
provided, free of charge, with the understanding that the authors are not
engaged in rendering legal, financial or other professional advice. Law and
practice often vary from province and province and if legal or other expert
assistance is required, the services of a professional should be sought. The
authors specifically disclaim any liability that is incurred from the use or
application of the contents of this website.