Lease ends October 31 but no news from landlord on renewing. Currently paying $500/month less than market in my area due to a sweet COVID deal. Are there any disadvantages to not reaching out to negotiate a new lease? I figure we’ll let it expire and go by month-by-month. I’d like to live here for at least another year

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Landlords are required to provide notice to tenants if they intend to raise rent more than five percent or if they do not intend to renew the lease. The landlord must provide such notice at least:

30 days in advance of renewal if a tenant has lived in the apartment less than one year and has less than a 12-month lease

60 days in advance for a tenant who has lived in the apartment for one to two years or for a tenant with a lease term of between one and two years

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