Does a year lease automatically revert to a month-to -month lease after it is up?
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Does a year lease automatically revert to a month-to -month lease after it is up?
Asked on October 14, 2012 under Real Estate Law, Minnesota
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Typically, yes a lease will revert to a month-to-month lease (i.e. a "periodic tenancy"). This assumes of course that there was no provision for giving notice of non-renewal. In such a case, the lease may have renewed for an additional term (here, for a year). If that's the case then to break it may cost you a lease termination fee; the terms regarding this would be set out in the original lease agreement.
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