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Forum / Leasing Issues / Week to week leasing

I have potential tenants who would like to pay weekly. I have a few concerns: 1. If my lease is weekly I am not required to adjust payments based upon how much I would have wanted if the lease was monthly or do I generate a monthly lease and break down the rent in weekly payments? 2. A weekly lease equates to weekly notice of termination? Has anyone ever done one and is it worth my time to consider it?

Wanda B, IL on Wednesday, December 7, 2016

RE: Week to week leasing

I would keep your lease to be a month to month or yearly lease term and then add that payments will be made weekly. When I first started renting I did it that way so my tenants would pay on time. So instead of paying the full 1800 a month they would pay 450 a week, but the lease would not expire for a year.

Posted by Bea S, SD on Wednesday, December 7, 2016

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