Keep on a Month-Month, or Convert?

[Scott Weaner]

My newly acquired Duplex has a long-term tenant on a Month-Month. She has been in for 5 years and has been a good tenant from all info that I have. I approached her about signing a new lease. She does not want to sign a 1 year lease, but would sign a 6 month. I have thought about 2 options:

1. 6 Month lease, followed by a 12 month.

2. Keep her on a month-month.

Option 2 could have some advantages, as if she does not turn out to be a good tenant, I will have an easier out.

What are your thoughts?