A month to month lease when there is no written contract by default runs from one to month until it is stopped. Leases are contracts that provide the person who pays a rent with the right to live on someone else’s land. They can be oral as well as recorded in writing.
In today’s ever increasing litigious society where people are looking for a roof over their heads but do not want to bind themselves to a lengthy rental agreement, an oral lease can provide much needed flexibility to both sides.
However as much as elasticity there is to an oral lease there are certain risks involved in it.
Assuming that the rent is renewed on a monthly basis, then it will be renew every single month automatically unless terminated. So the parties to the lease have to make sure they terminate the rental legally accurately to avoid having to pay for the coming months.
Additionally the notice must be given in the right form if it will effect termination or otherwhise it won’t have such effect. This includes the way it is written and the notice period given must correspond to that required by law.
