month-to-month tenancy

month-to-month tenancy

A leasehold interest that is terminable at the expiration of any given month,although state consumer protection statutes may require the landlord,the tenant,or both to give one month's notice before termination. Oral leases are assumed to be month-to-month, because the tenant pays rent one month at a time.If a tenant remains in possession of property at the expiration of a typical 6-month or 1-,3- or 5-year lease,courts in the various states are divided in their opinions regarding whether the new arrangement is a month-to-month tenancy or a renewal for a like term as the original lease,not exceeding 1 year.

References in periodicals archive ?
Local 700 immediately informed the developer that because it was "different" than Local 726, it was not bound by the lease and, although its members and staff continued to occupy the building, it only wanted a month-to-month tenancy with no lease.
The most common form of periodic tenancy is a month-to-month tenancy.
The current landlord became the owner of the building in July 2008 and, in February 2009, notified the tenants he was terminating the month-to-month tenancy.
Unfortunately, if you are in possession on a month-to-month tenancy, the new owner can still give you notice to vacate.
IPFS and Legacy Bank had previously been in litigation over a lease modification by which the landlord purported to reduce monthly rent under the lease from $35,000 to $17,000 and reduced the 20-year lease term to a month-to-month tenancy.