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month-to-month lease-Legal Definition. n. A lease without a fixed term, because either it never included one or such term is expired, in which the landlordâs acceptance of each monthly rent payment gives the tenant a right to stay for one more month. 1  Link/Cite.
A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset.he term rental agreement is also sometimes used to describe a periodic lease agreement (most often a month-to-month lease) internationally and in some regions of the United States.