As a tenant, it`s crucial to have a clear understanding of your lease agreement before signing on the dotted line. One type of lease arrangement that tenants in New Hampshire may encounter is known as a tenant at will agreement.
So, what exactly is a tenant at will agreement in NH?
In simple terms, a tenant at will agreement is a type of lease agreement that allows a tenant to occupy a property on a month-to-month basis without a fixed lease term. This arrangement is generally more flexible than a traditional lease agreement, as it allows either party (tenant or landlord) to terminate the agreement at any time with a notice of at least 30 days.
Under a tenant at will agreement in NH, the landlord has the right to increase the rent or change the terms of the agreement by giving the tenant notice of at least 30 days. Similarly, the tenant has the right to vacate the property at any time by giving a 30-day notice to the landlord.
It`s essential to note that tenant at will agreements in NH do not provide the same level of security as fixed-term lease agreements. For example, if a tenant does not pay rent or violates the terms of the agreement, the landlord can terminate the lease with a notice of 7 days.
However, for tenants who are looking for a more flexible rental option, a tenant at will agreement in NH could be an ideal solution. Some common situations where a tenant at will agreement may be appropriate include:
– When a tenant is not sure how long they will be staying in a particular area
– When a landlord wants to maintain flexibility with their property
– When a tenant needs a short-term housing solution
It`s important to remember that as a tenant, you have rights and protections under New Hampshire law, regardless of the type of lease agreement you have entered into. Some of these rights include the right to a habitable living space, the right to privacy, and the right to a return of your security deposit.
Before signing a tenant at will agreement or any other lease agreement in NH, it`s best to consult with a real estate attorney or a reputable housing agency who can help you understand your rights and obligations under the law.
In conclusion, a tenant at will agreement in NH provides a flexible rental option for tenants who are not looking for a long-term commitment. It`s important to understand the terms of the agreement and your rights as a tenant before signing on the dotted line.