Is a Month to Month Lease good or bad?
It depends on how you look at it:
Good: Generally, Landlord can terminate the lease for any reason with a 30 day notice.
Bad: Generally, Tenant can leave at the end of any given month.
Good: Generally, Tenant can leave at the end of any given month.
Bad: Generally, Landlord can terminate the lease for any reason with a 30 day notice.
So, neither side really has much security with a month-to-month lease agreement. However, there are situations when a month to month lease is appropriate. Landlords and tenants should consult with a Landlord-tenant attorney to fully understand the pros and cons of entering into a month-to-month lease.
We proudly assist Landlords and Tenants in Nassau county (Long Island), Suffolk county (Long Island), Queens (New York), and Brooklyn (New York) with their landlord tenant matters. Call (516) 858-2620 to arrange a consultation with a Landlord Tenant attorney!