Month to Month Lease
This article discusses a month to month lease which differs from an annual lease agreement. Both have different uses for the landlord. Often a renter will have a reason for preferring 1 over the other as well. I never did month-to-month leases, but I have heard of short term leases in different scenarios. In commercial real estate, you may see a holiday or seasonal type of business like a Halloween type of costume store which only needs a short term 1 or 2 month lease in a building. Sometimes someone is having a home built and they just need a rental for 4-6 months and then they’ll move into their newly built home.