The main difference between a one-year tenancy and a month-to-month tenancy is the length of the lease agreement and the amount of flexibility it offers to the parties involved.
A one-year tenancy is a lease agreement between a landlord and tenant that lasts for one year. This type of lease agreement provides more stability for both the landlord and tenant as they are locked into a fixed-term lease. The terms of the lease agreement, including the rent amount, are generally fixed for the duration of the lease.
On the other hand, on a month-to-month tenancy. This type of lease agreement provides more flexibility for both the landlord and tenant, as either party can terminate the lease with 60 days' notice.
Overall, a one-year tenancy provides more stability and predictability for both parties, while a month-to-month tenancy offers more flexibility and allows either party to easily terminate the lease with proper 60
Days notice.
Typically the lease does not expire but automatically renews on a month-to-month basis ( unless with an approved 1-year lease extension. ) or until the tenant provides a notice to vacate
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