Automatic Renewal clause

[Samantha Klein]

I'm posting for a friend. He wants to use automatic renewal clauses in his leases where it would basically ready like this 

"Lease agreement will automatically renew for another year at the end of said lease term unless either party gives notice of non-renewal at least 60 days before the last day of the lease period". 

What do you think about this kind of clause and have you ever used one like this with success?