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While many commercial leases are for several-year terms, it might behoove you to agree to a month-to-month tenancy with a tenant. Month-to-month tenants can be part of a strategic plan for your property, especially if you have spaces that you’d like to collect rent for in the short term while looking for longer term tenants. If you rent a space on a month-to-month basis to a tenant without a lease, don’t take termination of the tenancy less seriously than you would for a long-term lease.
