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Adjusterjack thank you for your detailed response which does clear things up. I think we are good to go from here forwards. You are correct to be on the side of caution to avoid any blow back that could be costly.

Thank you for taking the time to respond to my question. As a point of clarification, the link you provided is great but mainly deals with month-to-month leases. Ours is a year's lease and we fully intend to allow the tenants to stay the full period of the lease. We just want to know what...

Our current tenants' lease expires on September 30, 2016. The lease specifies the following: " At the end of the term, LESSOR shall have the option to extend the lease for an additional term of one year or revert to a month-to-month basis until terminated by giving the Lessor a full 30-day...