Do I understand Oregon 90.427 correctly? If so, what's the difference between a lease and a month-to-month rental agreement?
I believe this to be the most current version of Oregon 90.427 : (4) If the tenancy is for a fixed term of at least one year and by its terms becomes a month-to-month tenancy after the fixed term: (a) At any time during the fixed term, notwithstanding subsection (3) of this section, the landlord or the tenant may terminate the tenancy without cause by giving the other notice in writing not less than 30 days prior to the specified ending date for the fixed term or not less than 30 days prior to the date designated in the notice for the termination of the tenancy, whichever is later.
If either party can terminate with a 30-day notice, why is a lease different than a month-to-month rental agreement?
