AUTOMATIC LEASE RENEWAL AFTER INITIAL FIXED TERM. After expiration of the Minimum Lease Term, this Agreement could renew itself for one additional term of the original lease, with a (10%) increase in monthly rent or to current market value as determined by management, at the management’s discretion. Landlord may notify the Tenant in writing no later than 30 days prior to the expiration of the original rental term, if the landlord elects not to allow the automatic renewal. Tenant understands that if Tenant signs a one-year lease, this agreement could automatically renew for another year unless Tenant submits a 30-Day Notice to Vacate 30 days prior to the expiration of the original lease term. All other obligations, terms, and condition here within apply. Month-to-month agreements may only exist by written request and approval in writing by ▇▇▇▇▇▇▇▇ and must be requested at a minimum of 30-days prior to the end of current lease term. A “month” for purposes of this Agreement means a calendar month. The automatic renewal process will remain in effect throughout the entire term of residency or until a written 30-Day Notice has been delivered to Landlord in accordance to this Rental Agreement.
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