Month-To-Month Lease Addendum Form

A month-to-month lease addendum modifies a fixed-term lease into a month-to-month tenancy, detailing any new terms like rent increases and notice periods for termination. This addendum is ideal for landlords wanting to maintain flexibility or to extend a satisfactory tenancy.

It serves either as a continuation of a nearing-end fixed-term lease into a month-to-month basis or as an amendment to an existing monthly agreement. Typically, this may result in a raised rent for the tenant. For validity, all tenants listed on the original lease must sign the addendum.

Benefits and Drawbacks

• Flexibility for Tenants: Month-to-month leases offer significant flexibility, ideal for those in transitional phases or preferring short-term commitments, allowing for easy relocation without heavy penalties.
• Adaptability: Enables tenants to swiftly adjust to life changes, providing a less rigid living situation.
• Uncertainty and Stability Concerns: The indefinite lease duration can introduce stress for tenants and financial unpredictability for landlords, challenging both parties’ desire for stability.

Download: PDF or MS Word.

Considerations

When using a month-to-month lease addendum there are some things you should keep in mind:

State-Specific Legislation

• Lease agreements, terminations, and renewals are governed by state-specific laws.
• Month-to-month lease nuances vary by location.
• Landlords and tenants should know local laws to:
• • Ensure compliance
  • Avoid legal issues

  Termination Procedures

  • Terminating a month-to-month lease requires written notice, usually 30 days.
  • Notice period can vary by state.
  • Lease agreement should detail the process.
  • Landlords must return security deposit within a state-specified timeframe after termination, minus deductions for damages beyond normal wear and tear.

  Renewal Conditions

  • Either party can propose a lease renewal.
  • Must communicate term changes, like rent adjustments, in advance.
  • Renewal and termination conditions should be in the original lease.
  • Ensures clarity and planning for both parties.

  

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