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What Are the Advantages of a Month-to-Month Lease?

All of the traditional benefits that apply to a fixed term lease apply to a month-to-month lease, even though some may be shortened or slightly modified. The most important ones remain intact; for example, the landlord must ensure that the property itself is habitable and a tenant's legal rights can't be limited.

The amount of flexibility is what separates month-to-month from fixed term leases; the former automatically renews at the end of each period without the landlord or tenant having to say or do anything. This means that you can stay at the property for as long as you and the landlord agree, but you aren't locked into an extended stay. Additionally, as a tenant, it allows you to be more responsive to your own financial needs. For example, if the market changes and you're suddenly able to afford a better option, you have the freedom to move on.