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Duration: A short-term commercial lease may only have a 1-5-year term, meaning the rent value is lower than a 10-to-20-year lease. Flexibility: Short-term leases offer greater flexibility to both landlords and tenants.
An Oregon month-to-month lease agreement is a contract (written or oral) that allows a tenant to rent property from a landlord, in exchange for a fee (?rent?), for a period of thirty days at a time. The agreement remains active until either party gives proper notice to end it.
A temporary lease agreement is a legal agreement between the landlord of a property and a tenant that intends to use or occupy it. The difference between a temporary lease agreement and a traditional lease agreement is the occupancy of the property is on a shorter-term or seasonal basis.
An Oregon month-to-month rental agreement is a lease that does not end unless notice of at least thirty (30) days is sent by either the landlord or tenant. A month-to-month lease continues in perpetuity unless amended or terminated by the landlord or tenant.
No Cause Terminations Within the first year of occupancy, landlords can terminate a month-to-month tenancy or terminate a fixed term tenancy at the end of the fixed term, with at least 30 days notice. No cause terminations are prohibited after the first year of occupancy.