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Updated about 5 years ago on . Most recent reply
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Month To Month Leases
Hi everyone! I just purchased a three family in Pelham NH. I have my tenants on a TAW agreement at the moment. My question is when doing a month to month agreement like this do I need to have them sign a new agreement at the beginning of every month? Or does the first one signed stay in effect until they decide to move out? Or is this just a matter of wording in the contract? Any advise would be appreciated! Thanks!
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Verbiage from my lease:
TERM: The lease term will begin on Date and will terminate on Date, at which time, unless notified to the contrary by either party 30 days in advance, it will continue as a month-to-month lease.
I believe this covers it, but I'm not an attorney so consult with one to be certain.
Happy investing,
Troy