Lease Renewal with Another Yearr, or stay with Month-to-Month?

[Tracy Zhen]

Hi,

I rented out my mother-in-law, which is slightly higher than market value. The lease is ending in a month, but I would really hope to keep the current renters as long as possible. They are just great renters.

In the last month or so, we had a few issues, eg. mainline clog, utilities has gone up a lot, the furnace doesn't always work ....

I would love to ask them to renew the lease for another year, but I'm afraid that it'll initiate their searching for another place. So far they have not mentioned about moving any time soon.

For all of those experienced landlords, should I ask them to renew a lease soon, or just let the lease to expire (and it'll automatically turn into a month-to-month lease). Your advice is greatly appreciate it!

Newbie Landlord Tracy