What are the benefits of tenancy for fixed term of one year with option to renew for another year?

What are the benefits of tenancy for fixed term of one year with option to renew for another year?

It is more flexible. For example, when the property market changes and the rent rises and falls, the owner or tenant can exercise the right to withdraw the lease and terminate the lease in advance. If a tenant or landlord is in trouble, one of them can ask for a withdrawal after the death contract period. Early termination of the tenancy does not need to pay the entire death contract rent.

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