finance
 






 

Question by  worker5466 (23)

What are the disadvantages of a month-to-month lease?

I just found out my rent can get raised, so I don't see the point of a contract.

 
+6

Answer by  Ron27 (465)

There is more control over rent and raises (only certain raises are allowed) with a contract. A month to month lease can be terminated by either side with 30 days notice, but a year lease cannot without a breach of contract. Often the price is lower if you sign a one year lease.

 
+4

Answer by  jon6 (488)

Month to month leases are more expensive than yearly leases. The landlord charges more month to month because you have the option to leave at any time.

 
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