There is usually an option renewal clause.

You will need to make sure weekly, monthly, quarterly and annuals goals are met, vacancy is kept to a minimum by either increasing your renewal rate or always marketing, keeping a tight watch on all R&M/capex as well as managing your cash position. 

I just renewed my first lease and gave the tenant the option to renew with a a one-year lease /2% rent increase or two-year lease with no rent increase. 

They'll also take a chunk for renewal...

@Christian Whitehead the lease terms will dictate, so read them carefully...and your state landlord-tenant laws will specify what to do....looks like you have a few city ordinances as well...so review those as well.In general, if they are truly month to month...you, as the property owner can simply elect to not renew the lease...I typically give 30-60 days and if it may turn ugly, offer cash for keys...$500 to the tenant after they are out and the unit is clean.Good luck! 

Those that ask more typically have much longer periods of vacancy between renters, and often do not have renters renew their lease.

At the renewal date or if they are month to month you can usually give notice and make changes.

In MD it is actually cheaper to start a new LLC than it is to renew it every year. 

What if his wife got pregnant would you charge a baby deposit lol be happy you have a good paying tenant friend and if there is a rate increase do it at the end of the lease when it needs renewed

It could also be the renewing nature of the non-conforming house that could be turning buyers off.