An Oregon Month to Month Lease Agreement is a reasonably common kind of residential lease, in which the lease expires at the end of every payment period and renews upon payment of rent. Unlike a One Year Lease, the regular renewal makes alteration and termination easy.
In a Month to Month Lease Agreement all a landlord or tenant requires to terminate the lease is to serve the other party with thirty (30) days written notice. Similarly a landlord can raise rent or alter the terms of the lease with thirty (30) days written notice to the tenant.
The more temporary nature of a Month to Month Lease is well suited to tenants with a unsure financials or an imperfect rental record, as it does not require the lengthy and often expensive process of eviction. Similarly it can be perfect for a tenant who is unsure of how long they will be remaining in an area, as being forced to break a lease can be expensive.