Month-to-month leasing agreements are often held by people who don’t plan to live in their housing for an entire year, or people who aren’t sure where they’ll be in a year. These might include, but aren’t limited to:
People using an apartment as a temporary housing unit
Students living in college dorms or apartment buildings near campus
Long-term tenants who have already lived in a property for several years and prefer to make their rent payments monthly
One of the most notable features about this agreement is that it does not cover a specific time period. Other leases will last for a predetermined length of time, usually one or two years. If a party tries to end their lease early, they could be subject to penalties as specified in their agreement.
Month-to-month agreements don’t need to worry about that. There’s never any obligation for the landlord or the tenant to renew the rent. If the landlord intends to sell the property or evict the tenant, they must provide notice within a reasonable frame of time.