Property Management
Under ORLTA, what is the difference between a 'fixed-term lease' and a 'month-to-month rental agreement'?
AThey are legally identical in Oregon
BA fixed-term lease has a set end date and cannot easily be terminated before that date; a month-to-month agreement can be terminated with proper notice✓ Correct
CMonth-to-month agreements cannot be written; fixed-term leases must be written
DFixed-term leases require OREA registration; month-to-month agreements do not
Explanation
A fixed-term lease has a definite start and end date. Early termination before the end date requires cause or payment of an early termination fee (unless exceptions apply). A month-to-month tenancy continues indefinitely until either party provides proper termination notice (generally 30 days in Oregon). Both types of tenancies are governed by ORLTA in Oregon.
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