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Month-To-Month Tenancy

Categories: Real Estate

You rent 800 feet in a dump. Your first year there was locked when you signed the lease. But now you are only obligated to continue renting on a month-to-month tenancy. To get out, you just have to give the slumlord 30 days' notice. And you're out. Your obligations are only monthly.

Find other enlightening terms in Shmoop Finance Genius Bar(f)