In a tenancy-at-will the agreement lasts for as long as both parties want to do business with each other. The written agreement between the tenant and the landlord should contain all of the rules that will apply to the tenancy. The tenant is committed to paying rent for the term of the lease and may only end the tenancy before the close of the lease term if the landlord agrees to an early termination of the lease.Ī lease is a good option for tenants and landlords seeking stability in a tenancy. During that time, the monthly rent must stay the same and the landlord cannot end the tenancy (evict the tenant) unless the tenant fails to satisfy the conditions in the lease. When a tenant signs a lease with a landlord, the tenant agrees that the tenancy will last for a certain amount of time, often one year.
Your rights and responsibilities as either a landlord or a tenant depend on whether the tenancy is based on a lease or is an at-will tenancy.
