An agreement between a tenant and property owner that permits the tenant to rent from the owner one month at a time rather than via a more extended lease agreement. Often month-to-month tenancies are more expensive since the landlord does not have the same stability that comes with an extended lease.
Filed under Asset Management, Operations
Related terms
- Revenue Management2023
- Property Manager2023
- Pain-Per-Dollar2023
- Multi-touch Reminders2023
- Lease2023
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