Month to Month Lease?

Hi. I’m a new landlord letting an apartment out in our building for the first time. I have tenants that I am comfortable with, they have passed their background/credit checks, and are willing to take a month to month lease. What is the process to offer them month to month tenancy? Is there no lease at all? Should I just take their first month’s rent and security and hand them the keys?

By corolla |