Should You Agree to a Tenancy at Will Arrangement?

As a landlord, there is a chance that you will be presented with the opportunity to go into a tenancy at will agreement. With this type of agreement, there is no lease in place. The tenancy can be terminated at any time by either party. If you are presented with the chance to do a tenancy at will agreement, here are a few things that you should think about. 

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The big problem with a tenancy at will agreement is that you will not have any continuity. When you allow someone to come into your property and live there without any assurances that they will be there the following month, you are taking a big chance. Most of the time, the landlord still has some kind of a mortgage payment to make on their property. Therefore, if you do not know whether or not someone will get up and move out at any moment, it makes it hard to plan. You never know when you will have part of your payment made for you. As a general rule, it is usually not a good idea to get involved with tenancy at will agreements as a landlord.

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