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Countable noun. A lease is a legal agreement by which the owner of a building, a piece of land, or something such as a car allows someone else to use it for a period of time in return for money.
What Is a Month-to-Month Tenancy? A month-to-month tenancy is a periodic tenancy created when the renter is granted possession of the property with no definite expiration date and pays the owner on a monthly basis. This tenancy is most commonly found in residential leases.
A Mississippi month-to-month rental agreement is a lease with no end date and is only terminated when notice is sent by either the landlord or tenant of at least thirty (30) days. The landlord has the right to terminate this agreement by sending a notice to the other party.
Must be 21 years of age or 18 and married and your total annual income can not exceed the income limits as determined by the Department of Housing and Urban Development. Residents must have the ability to meet their obligations under the Lease Agreement.
A lease agreement is an arrangement between two parties ? lessor and lessee, by which the lessor allows the lessee the right to use a property owned or managed by the lessor for a specified period of time, in exchange for periodic payment of rentals. The agreement does not provide ownership rights to the lessee.
Month-to-month tenancies require a 30-day notice prior to termination; week-to-week require a 7-day notice. A threat to health or safety in the dwelling requires no prior notice.