What does paying rent a month in advance mean?

You might be asked to pay 1 to 2 months’ rent before you move in. This is called paying ‘rent in advance’. By paying your rent in advance you’ll always be paying rent for the month ahead. You might be asked to pay several months’ rent in advance if there’s a problem with your credit check or references.

Can a landlord give you an 18 month lease?

1) Letting you choose from 6, 12, or 18 month leases is common, especially in newer complexes. Usually the longer you’re willing to rent, the cheaper the rent is. 2) After your lease is done, most places will let you rent month-to-month indefinitely.

Do you have to pay 6 months rent up front?

Most tenancies are a minimum of 6 months and if you leave early the landlord is still entitled to all the rent to the end of the fixed term. Anecdotally, some landlords are nervous of people offering 6 (or 12) months up front (usually 6 months rent plus deposit) as they fear cannabis farm or brothel…

Is it a month to month or year long lease?

The lease agreement is the legal contract between tenant and landlord. There can be many variations within it as long as they comply with state and local law. One thing that landlords can control is whether it is a month to month or year-long lease.

Is there a clause requiring six months rent in advance?

The Court of Appeal held that when all the clauses were read together, clause 1.7.8 (the clause requiring 6 months rent in advance) did have the effect of requiring six months rent in advance in this particular case.

The lease agreement is the legal contract between tenant and landlord. There can be many variations within it as long as they comply with state and local law. One thing that landlords can control is whether it is a month to month or year-long lease.

Can a tenant move out of a month to month lease?

With a month-to-month tenancy, you can simply give the tenant proper notice (as defined by your state) that you will not be renewing their month-to-month lease anymore, and the tenant has to move. This is a BIG stick to carry around and ensure your tenants are behaving, especially if you are new to landlording.

How long does a landlord have to change the terms of a lease?

No state statute on the amount of notice required to change rent or other terms. Landlord may change the terms of the lease to take effect at the expiration of the month upon giving notice in writing at least 30 days before the expiration of the month. Tenant may terminate with 25 days’ notice if landlord has changed the terms of the agreement.

How long do you have to give notice for month to month lease?

Most state or local laws require either 30, 60 or 90 days’ notice, but the lease agreement will specify. [Read: 8 Red Flags to Help You Spot a Rental Scam .] If you and your landlord can work amicably, a month-to-month lease may be a blessing to give you the necessary time to find the right housing.