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A Tenancy At Will is a type of rental agreement that typically takes place after a long-term lease has ended. This type of agreement will typically allow the renter to continue to rent the property from the owner for an unspecified period of time as long as the rent continues to be paid. This agreement between the renter and the owner is known as a Tenancy At Will.
A Tenancy At Will agreement can be terminated with appropriate notice, which is usually considered to be at least one month. The contract could also be canceled at any time if the owner loses their property due to foreclosure or repossession.
Like other rental agreements, this contract will require information about both parties as well as the property. The monthly payments required for rent should be listed, as well as the amount of notice needed before the Tenancy At Will can be terminated.
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