Tenant wants M2M. What should I do?

[Mark Vesu]

All, the lease is ending Aug 31st and my tenant is not interested in renewing it.  What options do i have?  How much should I charge more (% wise) if the tenant wants to go M2M.  What type of lease should I ask them to sign and what type of notice should I get from them - 30 days before move out or 60 days.  Should I go M2M with fixed term, i.e., M2M till end of October as I don't want my tenant giving me 30 days notice when I am on vacation or I am out of town.  I've never done M2M before.  

The house is a 3/2 duplex (corner lot) in a good school district, with its own driveway and utilities.  It is closer to a bunch of amenities.

Appreciate all your help.  Thanks in advance