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Contract rent refers to that rent which is agreed upon between the landowner and the user of the land. On the basis of some contract, which may be verbal or written, contract rent may be more or less than the economic rent.

Unlike a long-term lease agreement, a rental agreement provides tenancy for a shorter period of timeusually 30 days. In most cases, rental agreements are considered month-to-month, and automatically renew at the end of each term period (month), unless otherwise noted by tenant or landlord.

You need to look to your lease. Despite the fact you and your landlord informally communicate through texting, if your lease specifically states notice of termination must be in writing, a text, unfortunately, does not constitute "writing." It's certainly not a formal notice.

A month-to-month lease is an agreement between a landlord and a tenant that establishes occupancy without a specific end date. Each month, the lease automatically renews until either the landlord or tenant gives proper notice to end the contract.Month-to-month leases don't have to be short-term.

Under California law, a lease does have to be in writing to be enforceable, but only when the lease is for a period of more than a year.But if the lease was for only 9 months, then the Statute of Frauds would not apply, and the oral agreement between you and the landlord would be enforceable by either of you.

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.In situations where there is no written agreement, tenancy is also considered to be on a month-to-month basis.

The downside of a month to month lease is that it doesn't represent as much permanence for landlords who are seeking long-term tenants. Tenants can give their vacate notice in as short as 30 days' time. A month to month lease means less security in the minds of many landlords.