Rent Term 1 Year + Option for another 1 Year

Can you do a 1 year lease with an option to extend for another 1 year, at either an increased amount for year 2 or the same?

Also stupid question, but if someone breaks say a 12 month lease, what is the normal penalty?
 
Can you do a 1 year lease with an option to extend for another 1 year, at either an increased amount for year 2 or the same?

Also stupid question, but if someone breaks say a 12 month lease, what is the normal penalty?
Are you the landlord or the tenant? Residential or commercial property?

Have you read the standard rental agreement for your state? Prolly a good place to start. :D
 
Back
Top