ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Types of Residential Leases

Updated on July 10, 2010

Types of Residential Leases

A residential lease is a legal agreement between a landlord and a tenant that extends to the tenant an exclusive right to use and enjoy a property as his primary residence. In the U.S., there are three common types of residential lease agreements into which the parties may enter, depending on their specific needs: a fixed-term lease, a periodic lease and a holdover lease.

It is worth nothing that landlord/tenancy laws can vary significantly from state to state, and so your state’s specific guidelines for residential leases may differ from the information provided.

Fixed-Term Lease

A fixed-term lease is the most common type of residential lease available. Fixed-term leases are so called because the length of the tenant’s stay is for a specified period of time, with a defined move-in and expiry date. While many fixed-term residential leases typically last for one or two years, fixed-term leases can last for as little as three months or as long as 10 years, depending on the tenant’s and the landlord’s needs. A landlord can also draft a fixed-term lease to coincide with certain events instead of following a specified timeline. For example, a fixed-term lease can begin upon the tenant’s enrollment in college and expire upon the tenant’s graduation.

Fixed-term leases automatically terminate on the end date or event, at which time either the parties renew the agreement or the tenant moves out. Neither the landlord nor the tenant can terminate the lease agreement early unless one party has a valid claim for breaching it. Otherwise, the landlord must permit the tenant to continue living in the unit and the tenant must continue paying rent for the unit until the day the lease expires.

Periodic Lease

A periodic lease, also called a month-to-month lease, is residential lease that operates on a 30-day period. The tenant is only guaranteed the unit and the landlord is only guaranteed to have a tenant in that unit for the current month. Periodic leases are common in short-term situations, like summer vacation rentals or college apartments, where the tenant may only be in the area for a brief period of time.

Rental payments, rights and responsibilities are the same as they would otherwise be for a fixed-term lease, except both parties may terminate the lease at any time with at least 30 days’ notice. Neither party needs a reason for ending the agreement, although terminations for discriminatory are illegal.

Holdover Lease

A holdover lease, also called a tenancy at sufferance, is a residential lease agreement that arises from the expiration of a previous fixed-term lease. Holdover leases are not written or verbal arrangements; instead, the arrangement is created when the tenant remains living in the unit, and the landlord takes no steps to remove him. It is therefore understood, even if neither party discusses the arrangement.

Even though the lease has expired, the terms of the lease (except the length of the fixed terms) still apply for as long as the tenant remains in the unit. However, the landlord can eject the tenant from the unit at any time after the original lease expires without providing prior notice. Depending on the particular state, the tenant may have 24 to 48 hours to move immediately once evicted from the unit.


    0 of 8192 characters used
    Post Comment

    No comments yet.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)