What is the most common form of residential lease in Pennsylvania?

The most common form of residential lease in Pennsylvania is the month-to-month lease agreement. This type of lease is often preferred by both landlords and tenants due to its flexibility. It allows tenants to occupy the property without a long-term commitment, making it suitable for those who may have uncertain housing needs or who might only require short-term housing.

Tenants can choose to stay for as long as they like, provided they give proper notice if they decide to leave, usually 30 days in advance. This arrangement benefits landlords as well, allowing them to adjust rent prices more frequently and potentially fill vacancies more swiftly.

In contrast, long-term and fixed-term lease agreements bind the tenant to a specific duration, which could be a year or longer, offering less flexibility. A commercial lease agreement generally pertains to business premises, not residential situations, making it less relevant in the context of residential leasing in Pennsylvania.