Question about lease terms...

[Anthony Paul Guglielmi]

Can anyone tell me what these this language would mean today:

"This lease will commence February 16, 2012 and terminate February 29, 2013. This lease will automatically renew at its end date for a 1 year period if a notification of termination is not recieved by either party, in accordance with Move out Notice #20 noted later in this lease."

I inherited these tenants. Does this means even though it is past the renew first year it is continual, or has this lease technically ended?

I need to know if I need to get these leases updated or if I need to wait until the Month stated in the term. The other lease says May 2018.

[Nathan Gesner]

The language you shared indicates the lease automatically renewed for an additional year. I don't know if that's technically legal but I would act as if it is. 

You don't want a lease that automatically renews for a year. Either you manually renew it for one year, along with any changes, or you let it convert to a month-to-month agreement. I prefer to lock tenants in for an additional year but typically with an annual rent increase and any other changes.