Do I Have to Sign a Month-to-Month Lease? Every lease should be in writing and signed by both the landlord and tenant to make sure your rental lease is legally binding. However, if you have a lease with a Holding Over clause, then this would be one exception where you would not need to sign a new lease.
A tenant from month to month shall give ten days notice, and a tenant on a semimonthly basis shall give five days notice, of his intention to terminate possession of the premises. Failure to give the notice renders the tenant liable for the rent for the ensuing ten days.
2. Timeline Lease AgreementNotice to Receive Week-to-week 10-Day Notice To Quit Month-to-month 30-Day Notice to Quit Fixed Term (6 months - 1 year) The landlord is not obliged to remiund the tenant unless stated in the lease
Handwritten agreements are somewhat impractical compared to typed versions. However, they are fully legal if written and formatted properly, and are preferable to verbal contracts in practically all cases.
Here's a list of standard fields that you should include in your lease agreement: Tenant information. Include each tenant's full name and contact information. Rental property description. Security deposit. Monthly rent amount. Utilities. Lease term. Policies. Late fees.
Answer: As a general rule, the answer is yes. Under the Arizona Residential Landlord and Tenant Act, a verbal rental agreement concerning the use and occupancy of a dwelling unit is just as enforceable as a written rental agreement (or lease) is (A.R.S. 33-1310(13)).
The agreement should include the following: Full and correct names. Your company should be listed as the lessor and your customer as the lessee. List the rented-out equipment. Rental duration terms. Rental rate. Late charges. Security deposit. Equipment usage guidelines. Repair and replacement.
It is possible to draft your own lease agreement, but you are leaving yourself open to issues.