lease is month to month?
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A month-to-month lease is a lease that continues each month until either party provides 30 days' notice. As the name suggests, it allows tenants to live in your rental property on a month-to-month basis. Month-to-month leases are commonly used as a way to extend a lease.
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Move-in specials are common when properties are looking to increase demand and attract new renters. They're usually a one-time, limited-time offer. Move-in specials usually are offered during the first month of your lease. ... However, when demand for apartments is low, move-in specials pop up more often.
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Fixed-term: If you have a fixed-term tenancy, like a one year lease, then you must give notice at least 60 days before the end of the lease. The termination date cannot be before the last day of the fixed term. If you don't give notice, the tenancy continues. Example 1: You pay rent on the 1st of each month.
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What happens if a tenant continues to pay rent after a lease agreement expires? When a lease ends, a tenant may choose to move, continue to pay rent as a month-to-month tenant, or sign a new lease. ... If the tenant agrees to the new terms, the new lease governs the tenancy.
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If rent is paid weekly or fortnightly, the tenant must owe at least eight weeks' rent. If rent is paid monthly, the tenant must owe at least two months' rent. If rent is paid quarterly (which is common in commercial properties), at least one quarter's rent must be more than three months overdue.
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When Your Lease Term Ends Generally, landlords must not accept rent or agree to new terms beyond the original lease term if they do not wish to renew the lease. Doing so could be interpreted by a court as a default extension of the lease, at least on a month-to-month basis.
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Your initial payment is essentially your deposit. The total cost of the contract will be the same, but the more you put down in the initial payment the less you pay monthly. It should be noted that it's technically not a payment, it's a rental. This is because on a lease, you don't have ownership.
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Your tenancy becomes a periodic tenancy automatically if you stay past the end of the fixed term without a renewal agreement. ... A periodic tenancy continues on the same terms and you should pay your rent as normal. It will roll monthly or weekly depending how often your rent was due during the fixed term.
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For example, two month's rent. Rent for Remaining Months of Lease Plus Security Deposit: If you end your lease early, you still have an obligation for the remaining rent owed on the lease agreement. If you have four months left on your lease and your rent is $1,000, then you would be responsible for paying $4,000.
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Deposit and Fees This fee is usually equivalent to the cost of one month's lease payment. The security deposit isn't the only fee you might not be expecting to pay, though. Many leases also include an acquisition fee, also called a bank fee, which is a fee charged by a bank on every vehicle lease.
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Breaking your lease can cost up to three months' rent, but the exact amount will depend on the type of landlord you rent from. It's not cheap to leave an apartment in the middle of your lease. Most landlords will charge you some kind of lease breakage fee to help cover the cost of re-renting your unit.
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Rent Is Usually Due the First of the Month Your lease or rental agreement should spell out the details on when rent is due and where and how to pay it. Most leases and rental agreements call for rent to be paid monthly, in advance, on the first day of the month.
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A lease is a legal contractual arrangement where the lessee (tenant) agrees to pay the lessor (landlord) rent for exclusive occupation of a property for a fixed term. A lease provides the tenant with the right to possession of the property, to the exclusion of all others including the landlord.
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A lease agreement or a rental agreement is a vital legal document that should be completed prior to a landlord renting property to a tenant. ... A lease agreement is a contract between a landlord and a tenant that covers the renting of property for long periods of time, usually a period of 12 months or more.
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A. Your cable service is provided on a month-to-month basis. The prorated monthly service charge, which includes any equipment lease fees and any installation charges, is normally payable either before or when service is installed. After that, we will bill you each month in advance for service.
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Up-front costs may include (but aren't limited to) the first month's payment, a non-refundable security deposit, taxes, registration, and insurance. Monthly leases can be lower than monthly car payments because you pay for the depreciation, not the cost of the car.
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['Start with the rent and divide by the number of days of the first month in question to get the amount per month of month 1. ( ... ', 'Divide the rent by the number of days in the second month to get the amount per month of month 2.']