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When either a landlord or tenant files for bankruptcy, there are two things that can happen to the lease. The landlord or tenant (actually, the trustee) can either: assume the lease, that is, allow the lease to continue in effect, or. reject the lease, which essentially terminates or cancels the lease.
You must give the tenant at least 30 days notice that you are ending the month-to-month lease. In addition, the notice must be served by the last day of the month before you want the tenant to move out. An oral lease always ends on the day of the month that rent is due.