What does it mean if a lease is classified as "month-to-month"?

A lease classified as "month-to-month" means that the lease agreement is renewed on a monthly basis, allowing for flexibility for both the tenant and the landlord. This type of lease can be terminated by either party, provided that proper notice is given, typically in alignment with the requirements of state laws. This means that if the landlord or tenant wishes to end the lease agreement, they must inform the other party in advance—usually 30 days—before the start of the next rental period.

The flexibility of a month-to-month lease is particularly beneficial for both parties as it does not bind them to a long-term commitment, unlike fixed-term leases such as annual leases. It provides tenants the ability to move out with relative ease and offers landlords the option to adjust terms as necessary.