oboloo Glossary

Month To Month Room Lease Agreement

oboloo Glossary

Month To Month Room Lease Agreement

A Month to Month Room Lease Agreement is a written contract between two parties that outlines the terms of a landlord and tenant relationship. In this agreement, the landlord provides a room or an apartment (usually on a month to month basis) with amenities such as electricity, water, and other essential services in exchange for payment. The tenant is expected to follow all of the policies and procedures agreed upon, including meeting their monthly payment obligations. This type of agreement gives both parties flexibility as they can end or extend the lease with 30 days’ notice. With a clear and comprehensive understanding of their rights and responsibilities, both parties can enjoy the benefits of secure housing.