asked 233k views
1 vote
How long is the contract between RYPM and the owner?

a) 6 months
b) 1 year
c) 2 years
d) Can be canceled anytime

asked
User AdamGold
by
8.0k points

1 Answer

2 votes

Final answer:

The exact length of the contract between RYPM and the owner before it becomes month-to-month is not provided, but either party can terminate the agreement with a 30-day written notice after the initial leasing period.

Step-by-step explanation:

The duration of the contract between RYPM and the owner is not explicitly stated in the provided information. However, it is mentioned that after the expiration of the leasing period, the agreement is automatically renewed month to month and can be terminated by either party with a 30-day written notice. The contract may include a primary term, such as 6 months, 1 year, or 2 years, but this specific term is not mentioned. What is clear is that upon expiration of this initial term, if any, continuation becomes month to month, allowing for termination with proper notice.

The details provided also specify that such termination requires just cause where laws require it, and that the premises should be completely vacated, with all possessions removed and keys returned, to avoid additional rent and potential damages. This includes the possibility of the owner incurring losses from missing out on prospective new renters.

answered
User Sevenseacat
by
7.9k points
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