If flexibility is your goal, a monthly lease is the right way to going. For example, in uncontrolled areas in California, either a landlord or a tenant can terminate a monthly lease with a period of 30 days or 60 days in advance if the tenant has lived in the unit for a year or more. A terminable lease (UK: determinable/fragile lease) is a lease agreement that can be terminated exclusively by the lessee or exclusively by the lessor without penalty (formally fixed). A mutually identifiable lease agreement can be determined by both. A non-cancellable lease is a lease agreement that cannot be terminated in this way. Generally, „leasing“ may involve a non-cancellable lease, while „lease“ may mean a cancellable lease.