Basic Month to Month Rent Agreement

A basic month to month rent agreement is a simple contract between a landlord and tenant outlining the terms and conditions of renting a property on a monthly basis. This type of rental agreement is commonly used by landlords who prefer flexibility and are looking for tenants who do not want to commit to a long-term lease.

Here are some important components of a basic month to month rental agreement:

1. Rent Payment and Due Date:

The agreement should clearly outline the amount of rent to be paid each month and the due date of payment. It is important to ensure that the rent is paid on time to avoid any legal issues.

2. Security Deposit:

The agreement should state the amount of the security deposit required and the circumstances under which it will be refunded at the end of the lease.

3. Utilities and Services:

The agreement should clearly state which utilities are included in the rent and which are not. This can include water, electricity, gas, and internet services.

4. Maintenance and Repairs:

The agreement should state the responsibilities of the tenant and landlord in terms of maintaining the property. It should also outline the procedures to be followed in case of any repairs that need to be done.

5. Termination:

The agreement should clearly state the notice period required by both parties for terminating the lease. This can be anywhere from 30 to 60 days.

6. Renewal:

The agreement should outline the procedures for renewing the lease at the end of the rental period.

It is important to have a basic month to month rent agreement in place to protect the interests of both the landlord and the tenant. It is also advisable to have the agreement reviewed by a legal expert to ensure it is legally binding and enforceable.