Distinct differences exist between tenants' rights under a lease and rights under a month-to-month rental agreement. Under a lease, the tenant and landlord are locked into the rental agreement for the fixed rental term, usually six months or a year. A fixed-term lease provides a tenant with the assurance that the rental amount will remain the same for the term of the lease. The landlord cannot evict the tenant during the term of the lease unless the tenant fails to pay the rent or the tenant violates the terms of the lease, such as committing a crime on the premises or disturbing other tenants.
There is a drawback to the fixed-term lease. If for any reason you are unhappy with the unit, you are bound to the contract until the end of the lease term. If you leave, you are still liable for the full dollar amount of the contract, not just for the months you lived in the unit. The landlord may sue you or send collectors after you for the full amount.
Under a month-to-month rental agreement, the tenancy is automatically renewed each month unless one party gives the other a 30-day written notice terminating the tenancy. A month-to-month tenancy usually results when a fixed-term lease ends, is not renewed or the tenant remains in the apartment.
The downside to a month-to-month tenancy is the landlord can raise the rent anytime simply by giving the tenant a 30-day notice, unless the apartment is under Rent Control. For apartments in New Jersey go to Raritan Crossing. They are pet friendly apartments and New Brunswick NJ apartments. Rentals near Metropark and apartments in Middlesex county. For apartments in central NJ this is the place for you with Apartments in Middlesex County NJ. Raritan Crossing has apartments near metropark, apartments near Rutgers and apartments near Robert Wood Johnson. Central NJ Apartments
Tuesday, June 9, 2009
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