Renting a property on a month-to-month basis can be a great option for both landlords and tenants. It provides flexibility, allowing tenants to move out with just a month`s notice while also giving landlords the freedom to adjust rent prices or end the tenancy if necessary. In order to establish a fruitful tenancy, it is essential to have a properly filled-out month-to-month rental agreement. Here`s a guide on how to fill out a month-to-month rental agreement.

1. Basic Information

The first thing you need to do is list the basic information of the landlord and tenant(s). This includes the full names, addresses, and telephone numbers of both parties. Be sure to provide the correct details as it will be used for legal purposes.

2. Rental Property Information

Next, you need to provide details about the rental property being leased. The address of the rental property, number of bedrooms, bathrooms, and any amenities provided should be listed. You should also specify whether the rental is furnished or unfurnished.

3. Rent and Security Deposit

The rental agreement should include the rent amount and due date, including any late fees that may apply. Additionally, the security deposit amount, due date, and conditions for its return should be included. Be sure to specify whether the security deposit is refundable or non-refundable.

4. Lease Term

Since the agreement is on a monthly basis, you should state the start date of the tenancy and the termination date. The termination date should include the required notice period for both parties to end the tenancy. For example, if the period is thirty days, the tenant should notify the landlord at least thirty days before they intend to move out.

5. Maintenance and Repairs

The rental agreement should include a section on the responsibilities of both parties regarding maintenance and repairs. The landlord is responsible for ensuring that the property is safe and habitable, while the tenant is responsible for keeping the property clean and reporting any damage that occurs during their stay.

6. Pets and Smoking

If pets or smoking are allowed on the rental property, you should include a section detailing the rules and restrictions. Specify the number and type of pets allowed, as well as any additional fees that may apply. Be sure to state whether smoking is allowed, and if so, where and under what conditions.

7. Signature and Dates

Lastly, both the landlord and tenant(s) should sign the rental agreement and date it. The date is crucial as it will serve as proof of when the agreement was made.

In conclusion, filling out a month-to-month rental agreement can seem like a daunting task, but it is essential to protect both parties` interests during the tenancy. By following the above guidelines, you can ensure that your rental agreement is comprehensive and legally binding.