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month-to-month lease-Legal Definition. n. A lease without a fixed term, because either it never included one or such term is expired, in which the landlordâs acceptance of each monthly rent payment gives the tenant a right to stay for one more month. 1  Link/Cite.
Also found in: Wikipedia. Fixed Term Lease. A lease binding the parties to each other for a specified period of time, such as a month or a year. That is, the fixed-term lease requires the lessee to make periodic payments and requires the lessor to surrender use of his/her property. A fixed term lease is also called (somewhat misleadingly) a tenancy for years.