A month-to-month lease agreement, also known as a periodic tenancy, is a rental agreement that allows tenants to rent a property on a month-to-month basis. This type of agreement is particularly popular in Tennessee, where many renters prefer flexible rental options without the obligation of a long-term lease.
Tennessee law allows landlords and tenants to enter into month-to-month lease agreements, but there are certain rules and requirements that must be followed. If you are considering a month-to-month lease agreement in Tennessee, here`s what you need to know:
1. Duration: A month-to-month lease agreement in Tennessee is automatically renewed every month, unless the landlord or tenant provides notice to terminate the agreement.
2. Notice: In Tennessee, landlords must provide tenants with at least 30 days` notice before terminating a month-to-month lease agreement. Tenants must also provide landlords with at least 30 days` notice before moving out.
3. Rent: Rent for a month-to-month lease agreement in Tennessee is typically higher than rent for a long-term lease. This is because landlords are taking a greater risk by not locking tenants into a long-term lease agreement. Rent can be increased with proper notice, usually 30 days.
4. Security Deposit: Tennessee law allows landlords to collect up to two months` rent as a security deposit for a month-to-month lease agreement.
5. Responsibilities: Both landlords and tenants have specific responsibilities under Tennessee law. Landlords are responsible for maintaining the property and making any necessary repairs. Tenants are responsible for paying rent on time, keeping the property clean, and not causing damage to the property.
6. Eviction: If a tenant violates the terms of a month-to-month lease agreement in Tennessee, the landlord can begin the eviction process. However, landlords must follow specific procedures and provide proper notice before evicting a tenant.
When considering a month-to-month lease agreement in Tennessee, it`s important to carefully review the terms of the agreement and understand your rights and responsibilities as a tenant. You may also want to consult with a legal professional or experienced copy editor to ensure that the lease is in compliance with Tennessee law and includes appropriate language to protect your interests.
