The Puerto Rico Month to Month Lease Agreement is a shorter term and more flexible type of lease. Unlike a One Year Lease, this kind of lease can be terminated by either the landlord or the tenant, essentially at their discretion, by giving the other party thirty (30) days written. This level of flexibility makes it popular with tenants who are unsure of how long they will be remaining in the area, such as students or members of the military.
While it is more flexible, a Month to Month Lease has a distinct lack of security, which may scare off landlords who want to be sure that they will have a tenant for the entirety of a lease, or a tenant who wishes to have assurance that their residence won’t be taken from them. They can still be useful, if a landlord is unsure of their tenant’s ability to maintain a lease for a full year, either because of financial instability or issues with previous landlords.
As a form of Residential Lease, a Month to Month Lease is governed by all the same laws as any other Residential Lease. In Puerto Rico these can be found in the Laws of Puerto Rico, Title 10, Chapter 49A.