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Weekly (Week-to-Week) Rental Agreement Template

weekly (week-to-week) rental agreement is a type of periodic lease used for renting out residential rental properties 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 it. In order to legally end the agreement, a written termination notice has to be delivered to the other party stating they intend to end the contract. The amount of notice must comply with state law.

Contents

Pros & Cons of Leasing by the Week

Landlords intending on leasing their rental by the week instead of on a month-to-month or yearly basis lease should be aware of their major differences. Overall, leasing by the week means:

  1. Greater income – up to two (2) times greater rent compared to standard long-term leases.1
  2. Higher flexibility – like tenants, landlords can terminate the contract with very minimal notice.
  3. Simple marketing – sites like AirBNB and VRBO offer significant exposure and are cheap to list on.
  4. Increased turnover – landlords may need to find several new tenants in a single month.
  5. Stricter laws (depends on the city) – cities often regulate shorter-term leases more than standard leases.
  6. More work required – due to increased upkeep, landlords will work several more hours a month keeping the rental occupied.

What to Include

Much like a standard lease, the agreement should include:

  • Info on the parties – their names, addresses, and contact information;
  • The rental – address and unit # (if any)
  • Rent – the weekly rent the tenant(s) 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 upfront deposit tenants are required to pay;
  • Utilities – who pays for water, electricity, cable, and other expenses;
  • Guests – the number (#) and names of all occupants that will be staying in the property; and
  • Parking – where the occupant(s) are permitted to park (if applicable).

Recommended Forms

The following forms are often used in conjunction with a weekly lease:

Residential rental application – Used for screening tenants prior to signing a lease.

Termination notice – A letter sent to either party informing them of their intent to end the lease.

Required Notice Periods by State

The “required notice” is the amount of notice 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 are listed as “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(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(b)(3)
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
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 § 55-248.37(A)
Wisconsin Seven (7) days § 704.19(3)
Wyoming N/A No statute

Sample

Download: Adobe PDF, MS Word, OpenDocument

Sources