Lease Agreement Clause Clarification
This is in Ontario province.
I am seeking your feedback on the below clause in a lease agreement I am to sign for a new townhome. Not sure if this is standard or common in lease agreement.
"Tenant consent that landlord may not allow to extend or renew the lease if landlord is not able to get the financing even though tenant is in a good standing the lease is set for only one year with no renewal or extension."
I am a little bit uncomfortable with this provision "the lease is set for only one year with no renewal or extension." My plan is to stay for a few years in the rental unit and I am trying to avoid the landlord asking to terminate the lease after one year based on this provision.
Note, just an fyi, the landlord is also a realtor.
In past rentals up to date, I pay by post-dated cheques and never missed a date and always have good relationships with landlords.
thanks in advance.