Month to month lease agreements are lease agreements that have no fixed term. Also called periodic tenancy agreements, month to month lease agreements allow a renter to lease a property on a month to month basis, and either the renter or the landlord may terminate the agreement at any time by giving proper notice. The amount of time required for proper notice varies depending on local regulations, but generally one rental term, or thirty days notice must be given. Month to month lease agreements are often favored by those who don't want to be obligated to a long-term lease agreement, however the uncertainty of monthly agreements may be unfavorable to some. Month to month lease agreements are often sought out as temporary residences; since there is no obligation to stay beyond the monthly rental term, a person may choose to stay just one month in a property, or continue on for an indefinite amount of time.