Free Weekly Rental Lease Agreement Templates (Word | PDF)

A week-to-week lease agreement is a contract to sign. Unlike the standard agreements, this one is drafted and signed between a property owner and a guest. It explains the duties and responsibilities of the two parties.

Legally,

Also known as a weekly rental agreement, it is a periodic lease agreement that tenants use to commit to a seven-day tenancy period, each period at a time.

It is renewed on a weekly basis until either the landlord or the tenant chooses to terminate it. Such a lease is more customary in residential property leasing. Unlike fixed-term leases, such agreements do not have an end or termination date. It can, however, be terminated by either party through a written notice as directed by the lease agreement or State laws.

Like its name implies, this lease lasts only 7 days. It is renewable, though, and may most commonly stretch beyond the original seven-day limit. All factors considered, it is the most flexible and reliable way of leasing out a piece of property to guests rather than long-term tenants.

Free Template

Great Editable Week-to-Week Lease Agreement Form as Word File

    Understanding Weekly Lease Agreement

    It tackles distinct and pertinent details in and around a weekly-based lease agreement. This includes the rental rates, security deposits, terms, and conditions. To further delve into this, below are things to familiarize before using this agreement:

    Things to Include

    This weekly lease agreement details important details of the contract. It will basically include the following:

    • Details about the parties (landlord and tenant(s)) – The names and addresses of the landlord and the tenant should be provided as they appear on official documents.
    • The premises – A description of the rental space must be included, which addresses information like location, number of bedrooms or units, address, etc.
    • The physical and postal addresses of the property –Here, the city, state, and zip code wherein the said piece of property is located are clearly stipulated.
    • Rent amount – The agreement should indicate how much the tenant(s) are expected to pay as rent.
    • Notice – The concerned parties should indicate the exact number of days that a notice should be given before the lease can be terminated.
    • Security deposit – Normally, like all rental agreements, a security deposit is needed. If this is the case, it should be declared, and the exact amount communicated.
    • Utilities – Leases will often come with certain utilities; it should disclose the available utilities, and, between the landlord and the tenant, who should be responsible for paying the same. Examples of utilities include water, electricity, internet, cable TV, gas, etc.
    • The number of occupants – In the event that the tenant plans to live with other people, this agreement should indicate the number of guests or occupants expected, and they should be identified by names.
    • Additional provisions – Most residential buildings will have additional house rules and policies. They should be clearly stated in the agreement. Examples of such policies include pets, noise, parking, etc. Some are explained below:
    • Utilities: It includes the other fringe benefits that the facility gives off to a would-be occupant. Examples of these include cable television, internet connectivity, and kitchen supplies.
    • Carrying capacity: The total number of persons that the facility may hold at any given time.
    • Pets: If the pets are allowed, and how many.
    • Security deposit: It is the amount of money that is held in trust until the tenant fully vacates the property.

    Advantages

    This weekly lease agreement has its pros, whether it is towards or against the landlord or either. Consequently, it is important for individuals opting to use it to have a good understanding of its perks before implementing it.

    Some of these advantages include:

    • Better income – This agreement lets the landlord to fetch a higher income which has been observed to be up to two times more than that of a standard long-term lease of the same property.
    • Better flexibility – Both parties are gifted flexibility when it comes to leasing using this agreement. Either party can terminate the lease with short notice if it does not seem to be working to their benefit.
    • Simple advertising – Advertising of property being leased for a short period has become simple and fast as platforms like Airbnb and VRBO can be used to list the property.

    Disadvantages 

    This agreement also come with its fair share of shortcomings.

    Some of these disadvantages include:

    • Risen turnover – Having tenants lease property for short periods means that the landlord must find multiple new tenants in a single month. This can be daunting and involving.
    • Narrower laws (depends on the city) – Week-to-week or short-term leases are often closely regulated more than standard leases in cities. This means there are a lot of bylaws to comply with, which can be tasking for landlords.
    • More work needed – Leasing property on a weekly basis requires a lot of upkeep/work in finding new tenants and prepping the apartment for occupancy.

    Forms in conjunction

    It is often used with other supplementary documents. Some of these documents include:

    • Residential rental application – As with other types of leases, landlords should screen potential tenants to determine their suitability. Thus, tenants are required to fill a residential rental application before signing the lease to assist the landlord with screening.
    • Termination notice – In the event, either party wishes to terminate the lease, they should send a letter (termination notice) informing the other party of their intention to end the lease. It should outline the lease’s termination date, reason (if any), and reimbursement of the security deposit.

    When Should You Use Weekly Rental Agreement

    Like any other contract, this agreement outlines the duties and responsibilities of the concerned parties, that is, landlord and tenant. The only difference is the tenant is committed to the tenancy one week at a time. Therefore, it becomes useful when someone intends to rent lease property for a short period or an undetermined period, and renewing the lease after every one or two weeks gives him or her leeway. This way, a person can extend the lease every week or end it if convenient.

    tip

    Landlords are advised to have such weekly agreements when using third-party websites to find bookings.

    This way, guests can sign the agreement as a step of the booking process.

    These agreements should also be used when renting out space to family or friends for a few weeks. Regardless of how uncalled for it may seem, it ensures that the owner of the property is protected, and misunderstandings are avoided.

    Such type of agreement can be used in the following circumstances:

    • Hosting Short-term Events: When hosting short-term events, it is necessary to use this agreement. It is flexible enough to allow for varying the length and terms of the agreement accordingly. Moreover, it also creates a binding contract that is useful whenever the disputes spill over to a courtroom.
    • Leasing your Property to Friends: The idea of signing such an agreement when letting out your property to friends and members of your inner circle may seem awkward. However, it is strongly advisable for the purpose of eliminating ambiguities and helping with sorting out any adverse issues.
    • Utilizing Third-party Booking Sites: Even if you opt to lease your property via third-party booking sites, it is important to enter such an agreement. Examples of these are the Airbnb or the HomeAway. Such an agreement yet again will help with sorting out any disputes that may arise in the course of utilizing your property.

    Required Termination Notice Periods by States

    The laws that govern notice periods for such leases are different from one State to the other. Below are the state laws applicable in the US:

    StateNotice requiredLaw (source)
    AlabamaSeven (7) days  Â§ 35-9A-441(a)  
    AlaskaFourteen (14) days  Â§ 34.03.290(a)  
    ArizonaTen (10) days  Â§ 33-1375(A)  
    ArkansasSeven (7) days  Â§ 18-17-704(a)  
    CaliforniaSeven (7) days  Â§ 1946  
    ColoradoThree (3) days  Â§ 13-40-107(d)  
    ConnecticutThree (3) days  Â§ 47a-23  
    DelawareN/A  No statute  
    FloridaSeven (7) days  Â§ 83.57(4)  
    GeorgiaN/A  No statute  
    HawaiiTen (10) days  Â§ 521-71(d)  
    IdahoOne (1) month  Â§ 55-208  
    IllinoisSeven (7) days  735 ILCS 5/9-207(a)  
    IndianaOne (1) month  IC 32-31-1-1  
    IowaTen (10) days  Â§ 562A.34(1)  
    KansasSeven (7) days  Â§ 58-2570(a)  
    KentuckySeven (7) days  Â§ 383.695(1)  
    LouisianaFive (5) days  CC 2728(3)  
    MaineThirty (30) days  Â§ 6002  
    MarylandOne (1) week  Â§ 8-402(b)(3)  
    MassachusettsThirty (30) days  Ch. 186 §12  
    MichiganSeven (7) days  Â§ 534.134(1)  
    MinnesotaSeven (7) days  Â§ 504B.135(a)  
    MississippiSeven (7) days  Â§ 89-8-19(2)  
    MissouriN/A  No statute  
    MontanaSeven (7) days  Â§ 70-24-441(1)  
    NebraskaSeven (7) days  Â§ 76-1437(1)  
    NevadaSeven (7) days  Â§ 40.251  
    New HampshireThirty (30) days  Â§ 540:3(II)  
    New JerseySeven (7) days  NJ 2A:18-56  
    New MexicoSeven (7) days  Â§ 47-8-37(A)  
    New YorkN/A  No statute  
    North CarolinaTwo (2) days  Â§ 42-14  
    North DakotaOne (1) week  Â§ 47-16-15  
    OhioSeven (7) days  Â§ 5321.17(A)  
    OklahomaThirty (30) days  Â§ 41-111  
    OregonSeven (7) days  ORS 91.050  
    PennsylvaniaN/A  No statute  
    Rhode IslandTen (10) days  Â§ 34-18-37(a)  
    South CarolinaSeven (7) days  Â§ 27-40-770(a)  
    South DakotaSeven (7) days  Â§ 43-32-15  
    TennesseeTen (10) days  Â§ 66-28-512(a)  
    TexasOne (1) week  Â§ 91.001  
    UtahFifteen (15) days  Â§ 78B-6-802  
    VermontTwenty-one (21) days  Â§ 4467(c)(2)  
    VirginiaSeven (7) days  Â§ 55.1-1253(A)  
    WashingtonTwenty (20) days  59.18.200(1)(a)  
    West VirginiaSeven (7) days  Â§ 55-248.37(A)  
    WisconsinSeven (7) days  Â§ 704.19(3)  
    WyomingN/A  No statute  

    Frequently Asked Questions

    How many days after signing a lease can you cancel?

    In some States, the cooling-off period (period within which signatories to a lease can void the contract after signing) is one to three days. However, as this is not for all States, it is imperative for a person to consult applicable state laws before cancelling the contract. Remember, it is a legally binding document.

    How legally binding is a lease agreement?

    Once signed, it grants any concerned (landlord or tenant) the legal right to sue or take any necessary lawful step against the other party at fault. It can potentially be the reason a dispute between the landlord and the tenant is taken to court, as it can be provided as evidence and point of reference during court proceedings.

    About This Article

    Justin W. Heeg
    Authored by:
    Contract Specialist, Business & Real Estate Attorney
    Justin W. Heeg, Esq., founder of Heeg Law PLLC, brings extensive expertise in legal contract writing, with a special focus on real estate, complemented by a strong foundation in trusts and wills. Previously a prominent figure at Dwight Capital, a premier U.S. commercial real estate lender, Justin played a pivotal role in shaping their mortgage REIT strategy and overseeing legal compliance. His tenure at the esteemed law firm Skadden, Arps, Slate, Meagher & Flom LLP saw him facilitating significant real estate transactions, advising top-tier lenders, and equity firms. With his rich legal background, Justin stands as a trusted expert in both business and real estate law.

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