If Landlord Joe and Bill have an oral agreement to extend the lease after it expired, what is the appropriate notice period for termination?

Prepare for the VanEd National Real Estate Exam. Study with interactive quizzes and detailed explanations. Get ready to ace your test with confidence!

In many jurisdictions, if a lease is oral and has extended beyond its original term, it may be considered a month-to-month lease agreement. This type of tenancy often allows either party to terminate with notice. The typical requirement for notice in a month-to-month lease is 30 days before the intended termination date.

Landlord Joe and Bill’s oral agreement to extend the lease means that they have established a new arrangement, albeit informally. The recognition of their continued relationship as a tenant and landlord typically defaults to the standard term of notice applicable to month-to-month leases, which is 30 days. This aligns with common rental regulations and provides both parties a reasonable timeframe to make arrangements for vacating or renewing the lease.

Therefore, the appropriate notice period for termination in this scenario is indeed 30 days.

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