A 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.
- Month-to-month rental agreement – for leasing property for thirty (30) days at a time.
- Short-term (vacation) lease agreement – used for leasing a rental for a short, fixed-term period.
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:
- Greater income – up to two (2) times greater rent compared to standard long-term leases.1
- Higher flexibility – like tenants, landlords can terminate the contract with very minimal notice.
- Simple marketing – sites like AirBNB and VRBO offer significant exposure and are cheap to list on.
- Increased turnover – landlords may need to find several new tenants in a single month.
- Stricter laws (depends on the city) – cities often regulate shorter-term leases more than standard leases.
- More work required – due to increased upkeep, landlords will work several more hours a month keeping the rental occupied.
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).
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.
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”.
|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|
|Florida||Seven (7) days||§ 83.57(4)|
|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)|
|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|
|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)|