Rhode Island Month-to-Month Lease Agreement
The Rhode Island Month-to-Month Lease Agreement is a special type of rental contract that exists for one (1) month at a time, where it renews automatically unless terminated by either the landlord or tenant(s). Because the parties do not agree to a specific end-date, the agreement can be terminated so long the other party is given a written “notice to quit” at least thirty (30) days in advance of the next rental payment.
With exception to the term of the lease, the agreement is very similar to a yearly agreement and covers many of the same topics, including:
- Rent amount;
- Security deposits;
- and more.
Although landlords that lease by the month will be faced with increase chances of vacancy throughout the year, there are several benefits that leasing by the month has over other lease-types. Said benefits include 1) higher rent payments, 2) increased freedom, and 3) ease of removing “bad” tenants.
Statute: § 34-18-37
Required Notice to Terminate: Depending on the length of each lease period, either party can provide one of the following notices (prior to the termination date) to end an “at-will” lease:
- Week-to-week tenancies: Ten (10) days
- Month-to-month tenancies: Thirty (30) days
- Year-to-year tenancies: Three (3) months
Note: All notices must be made in writing to be effective.