Everything You Need To Know About Free Month To Month Lease Addendum

A lease addendum is a legally binding document that is added to an existing lease agreement to modify or add provisions to it. It is important to note that a lease addendum is not the same as a lease agreement, although it is closely related. A lease addendum is a supplement to the original lease agreement and should be used in conjunction with it.

The most common type of lease addendum is the free month to month lease addendum. This type of addendum is used to extend the length of a lease agreement beyond the initial one-year term. The free month to month lease addendum allows the tenant to stay in the rental property for an additional month for no additional charge. It is important to note that the tenant must still abide by all of the terms of the original lease agreement.

What is a Free Month to Month Lease Addendum?

A free month to month lease addendum is a legally binding document that is added to an existing lease agreement. This type of addendum allows the tenant to stay in the rental property for an additional month, at no additional charge. The tenant must still abide by all the terms of the original lease agreement.

The free month to month lease addendum is ideal for tenants who want to stay in the rental property longer than the initial one-year lease agreement. This type of addendum can be used to extend the length of the lease agreement for an additional month, or for a longer period of time. However, it is important to note that the landlord must agree to the terms of the addendum before it can be added to the existing lease agreement.

Benefits of a Free Month to Month Lease Addendum

The free month to month lease addendum provides tenants with the flexibility to stay in the rental property for an additional month without having to sign a new lease agreement. This can be beneficial for tenants who need to stay in the rental property for a short period of time. It can also be beneficial for tenants who are unsure if they are going to stay in the rental property beyond the initial one-year lease agreement.

The free month to month lease addendum can also save tenants money. Since the tenant is not required to pay an additional fee or sign a new lease agreement, they are able to save money on rent. This can be especially helpful for tenants who are on a tight budget.

Sample Free Month to Month Lease Addendum

Sample 1:

This Free Month to Month Lease Addendum is made by and between [Landlord] and [Tenant], concerning the rental property located at [Address]. The parties agree to the following terms and conditions:

1. The Tenant agrees to remain in possession of the rental property for an additional month, at no additional charge. The Tenant agrees to abide by all the terms and conditions of the original lease agreement.

2. The Landlord agrees to allow the Tenant to stay in possession of the rental property for an additional month, at no additional charge. The Landlord agrees to abide by all the terms and conditions of the original lease agreement.

3. This Free Month to Month Lease Addendum shall be valid for the additional month, beginning on [Date].

Sample 2:

This Free Month to Month Lease Addendum is made by and between [Landlord] and [Tenant], concerning the rental property located at [Address]. The parties agree to the following terms and conditions:

1. The Tenant agrees to remain in possession of the rental property for an additional two months, at no additional charge. The Tenant agrees to abide by all the terms and conditions of the original lease agreement.

2. The Landlord agrees to allow the Tenant to stay in possession of the rental property for an additional two months, at no additional charge. The Landlord agrees to abide by all the terms and conditions of the original lease agreement.

3. This Free Month to Month Lease Addendum shall be valid for the additional two months, beginning on [Date].

Sample 3:

This Free Month to Month Lease Addendum is made by and between [Landlord] and [Tenant], concerning the rental property located at [Address]. The parties agree to the following terms and conditions:

1. The Tenant agrees to remain in possession of the rental property for an additional six months, at no additional charge. The Tenant agrees to abide by all the terms and conditions of the original lease agreement.

2. The Landlord agrees to allow the Tenant to stay in possession of the rental property for an additional six months, at no additional charge. The Landlord agrees to abide by all the terms and conditions of the original lease agreement.

3. This Free Month to Month Lease Addendum shall be valid for the additional six months, beginning on [Date].

Conclusion

A free month to month lease addendum is a great option for tenants who need to stay in the rental property for an additional month or longer. It is a legally binding document that can be added to an existing lease agreement to extend the length of the lease agreement. The free month to month lease addendum provides tenants with the flexibility to stay in the rental property for an additional month, at no additional charge.

It is important to note that the tenant must still abide by all the terms and conditions of the original lease agreement. Additionally, the landlord must agree to the terms of the addendum before it can be added to the existing lease agreement. By understanding the benefits and terms of a free month to month lease addendum, tenants and landlords can ensure that their rental agreements are mutually beneficial.