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Weekly (Week-to-Week) Rental Agreement Template

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weekly (week-to-week) rental agreement is a type of periodic lease used for renting out residential property for seven (7) days at a time. Unlike fixed-term leases, the parties do not agree to a specific end date. Instead, the agreement renews on a weekly basis until either party decides to terminate.

In order to end the agreement legally, a written termination notice has to be delivered to the other party stating that they intend to end the contract. The notice period provided in the document must comply with state requirements.

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Contents

Pros & Cons

Landlords intent on leasing their rental by the week instead of on a month-to-month or yearly basis lease should be aware of the differences between these leasing periods. Overall, leasing week-by-week has the following pros and cons:

PROS CONS
Income is usually higher; sometimes two (2) times more compared to standard leases. Increased turnover, leading to landlords having to find multiple tenants within very short periods of time.
Better flexibility; like tenants, landlords can terminate the contract with minimal notice and for almost any reason. Local and state laws pertaining to short-term leases are often stricter and more regulated than standard lease arrangements.
Marketing options, like AirBnb and VRBO, are often better exposure and creating listings is inexpensive. Due to the high volume of tenants, it’s likely that landlords will have to spend more time cleaning and fixing up their rental units.

What to Include

Much like a standard lease, a weekly lease agreement should include the following:

  • Party Information – The names and addresses of both parties.
  • Rental Address – The physical mailing address and unit # of the property.
  • Rent – The weekly rent the tenant will be required to pay.
  • Notice – The amount of time that must be given by either party to end the lease.
  • Security Deposit – The dollar ($) amount of the deposit tenants are required to pay upfront in case damages occur.
  • Utilities – A list of utilities, such as water, electricity, cable, etc., and which party will pay for which service.
  • Guests – The number of occupants that will be staying on the property and their full names.
  • Parking – Where the tenants are permitted to park (if applicable).


Required Notice Periods by State

The “required notice period” is the amount of time that must be provided in order to terminate a week-to-week lease. Landlords should specify the amount of notice in the lease for states that do not have specific laws for terminating a weekly lease (i.e., “No statute”).

STATE REQUIRED NOTICE SOURCE
Alabama Seven (7) days § 35-9A-441(a)
Alaska Fourteen (14) days § 34.03.290(a)
Arizona Ten (10) days § 33-1375(A)
Arkansas Seven (7) days § 18-17-704(a)
California Seven (7) days § 1946
Colorado Three (3) days § 13-40-107(1)(d)
Connecticut Three (3) days § 47a-23
Delaware N/A No statute
Florida Seven (7) days § 83.57(4)
Georgia N/A No statute
Hawaii Ten (10) days § 521-71(d)
Idaho One (1) month § 55-208
Illinois Seven (7) days 735 ILCS 5/9-207(a)
Indiana One (1) month IC 32-31-1-1
Iowa Ten (10) days § 562A.34(1)
Kansas Seven (7) days § 58-2570(a)
Kentucky Seven (7) days § 383.695(1)
Louisiana Five (5) days CC 2728(3)
Maine Thirty (30) days § 6002
Maryland One (1) week § 8-402(c)(2)(iv)
Massachusetts Thirty (30) days Ch. 186 §12
Michigan Seven (7) days § 534.134(1)
Minnesota Seven (7) days § 504B.135(a)
Mississippi Seven (7) days § 89-8-19(2)
Missouri N/A No statute
Montana Seven (7) days § 70-24-441(1)
Nebraska Seven (7) days § 76-1437(1)
Nevada Seven (7) days § 40.251
New Hampshire Thirty (30) days § 540:3(II)
New Jersey Seven (7) days NJ 2A:18-56(c)
New Mexico Seven (7) days § 47-8-37(A)
New York N/A No statute
North Carolina Two (2) days § 42-14
North Dakota One (1) week § 47-16-15
Ohio Seven (7) days § 5321.17(A)
Oklahoma Thirty (30) days § 41-111
Oregon Seven (7) days ORS 91.050
Pennsylvania N/A No statute
Rhode Island Ten (10) days § 34-18-37(a)
South Carolina Seven (7) days § 27-40-770(a)
South Dakota Seven (7) days § 43-32-15
Tennessee Ten (10) days § 66-28-512(a)
Texas One (1) week § 91.001
Utah Fifteen (15) days § 78B-6-802
Vermont Twenty-one (21) days § 4467(c)(2)
Virginia Seven (7) days § 55.1-1253(A)
Washington Twenty (20) days 59.18.200(1)(a)
West Virginia Seven (7) days § 337-6-5
Wisconsin Seven (7) days § 704.19(3)
Wyoming N/A No statute

Sample

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