Evaluating/Handling a 5 Year Rental Agreement in Ohio

[Quincy Amekuedi]

As it turns out, a tenant in a property I have under contract is NOT on a month-to-month agreement. Instead, they are 2 years into a 5 year lease (2021-2026), signed with the owner prior to the current one that is selling. The rental agreement is under-market rent for the area by ~$400/month and my strategy would be to implement a rental increase or end the current agreement with the proper 30+ day notice. Getting this right is crucial to making this deal more appealing. How do you interpret the attached two line items in the current agreement and whether I can with at least 30 days notice, increase the rent or end the agreement? 

Yes, I do have this question out to my real-estate attorney to review, but sharing here in case there are others who are curious OR have experience handling multi-year rental agreements.