Apartment what is MTM Fee?

Hello I want to know what is a MTM FEE?

Is it month to month rent?

Extra fee for being month to month and not having a longer lease

Month to Month premium is also known as Month to Month Fee or simply a MTM fee. In essence, it is a convenience fee charged to a resident when their existing lease expires without them having renewed it. I have seen the fee vary from $25 to $200 a month

Month to month fee. You rent will be cheaper if you sign a year long lease rather than a month to month lease.

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