Legal Question in Real Estate Law in Florida
Landlord/ Tenant Benefits of NO LEASE
What are the benefits to the property owner of not having a written lease?
1 Answer from Attorneys
Re: Landlord/ Tenant Benefits of NO LEASE
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There are both pros and cons to not having a lease. Without a lease, you have a month to month lease and a landlord can raise the rent at anytime with proper notice. Conversely, the tenant can leave at anytime with proper notice. Similarly, a tenant can be moved from one unit to another without any recourse other than a tenant deciding to leave. If a tenant is a problem, you can cancel the lease at will with proper notice.
Scott R. Jay, Esq.