Leasing contracts and monthly leases have their pros and cons. Leases allow landlords to rent property that is not desirable for long-term tenants. It is also advantageous if rents can rise rapidly, so the landlord can renegotiate the terms of the contract from month to month. They benefit tenants who only have to stay in a particular location during a transition or if they are unsure of the length of their tenancy in the area concerned. A rental agreement should be compared to a license that can give a person (a so-called licensee) the right to operate the property, but which can be terminated according to the will of the owner of the property (the licensee). An example of a donor/licensee relationship is a parking owner and a person who parks a vehicle in the parking lot. A license can be seen in the form of a ticket to a baseball game or an oral permit to sleep for a few days on a couch. The difference lies in the fact that when it comes to a term (final time), a certain degree of privacy that indicates the exclusive possession of a clearly defined party, current and recurring payments, the absence of termination rights, except in cases of fault or non-payment, tend these factors towards a lease; On the other hand, a single access to another person`s land is probably a license. The essential difference between a lease and a licence is that a lease generally provides for periodic payments during its term and a specified end date. If a contract does not have a deadline, it may be an indeterminate licence and is still not a lease agreement. A tenant (sometimes called Holdover-Location) exists when a tenant remains in possession of a property at the end of a tenancy agreement and until the landlord acts to throw the tenant out of the property. Although the tenant is technically a transgressor in this location and the property of this type is not real land, the authorities recognize the condition for the tenant to be subject to the rental obligation.
The landlord can evict such a tenant at any time and without notice. Some leases have early termination clauses that allow tenants to terminate contracts under certain conditions or when their landlords do not meet their contractual obligations. For example, a tenant may terminate a lease if the landlord does not repair the property on time. Leases may also involve a periodic lease (usually a monthly lease) internationally and in some parts of the United States.  If a tenancy agreement exists at the sole discretion of the lessor, the law of jurisdiction may mean that the law confers on the tenant a reciprocal right to terminate the tenancy agreement at his convenience.