Rolling Over For 12 Months Lease

[Hadar Orkibi]

I was talking to a Real Estate Attorney that own 300 units, he mentioned to me that all his leases have a 12 month rollover. so once the 12 month lease expires it is automatically rolling over for 12 months with option to review rents. 

I would like to see a  4 weeks grace period before it looks in.

Dose anyone been using these strategy and have a clause to share? 

[Chris Lounsbury]

I've only ever been on the other end of this type of agreement.  Definitely great for the landlord.  He never reached out, I forgot about my lease ending and then I was locked into another year.  My fault on not reading through the lease carefully, but now on the other side of that equation, I really like the strategy.  I wonder if there are any state codes that prevent this.  If not, I think I'm going to implement as well.