LL pressurizing to sign another year lease but gave minimal rent increase (0.6%) - looking for advice
I’m in Toronto and currently have a fixed-term lease until Nov 30, 2026. Rent is below market and the unit is rent-controlled. I really like the place & area itself and I want to stay long-term and have been a good tenant.
My landlord prefers fixed-term leases. Last year’s lease included: “Tenant agrees to provide a minimum of 60 days notice of intention to terminate.” She says this essentially means I can leave with 60 days’ notice. This has been my 2nd year in the apartment & they only take rent via post-dated cheques.
For renewal, I asked to go month-to-month instead. He wants I sign another fixed term & is rather insistent on it, not budging at all. After asking for a concession on rent increase at least he offered to increase by 0.6%. Even with the rent increase the place is below market. Their reasoning for the lease is that they want an updated document to present whenever they need to, for a bank or etc. They’ve said repeatedly that the lease is only used as a document they maintain, & that if I give notice they would let me out before the fixed term. They let the previous tenant before me out few months early too.
Again, I genuinely really like the place & the rent I aj paying, I would ideally like to stay long term if I could.
My concern is whether refusing his preferred fixed-term lease could cause problems or make the landlord relationship difficult, even though month-to-month is legally allowed.
I would appreciate any advice, I do want to continue enjoying my stay in this place I like but I don’t want to be caught in a back & forth and put myself in a position where the LL is making things difficult & unpleasant for me. Thanks!
Edit: I do understand that the lease goes monthly regardless, but my main concern is if the relationship with the LL becomes so unpleasant & they try to make it so I want to leave (continuous visits, etc - which has never happened yet, they’ve been nice so far) - because end of the day the place itself I genuinely really like. Just don’t want to be constantly at odds with the owner of the place I’m living in if it causes me stress.
Edit 2: Would also like to highlight that for the previous tenant, the LL let them out of the lease 6 months before the end of the lease term with no hesitation, so said the tenant.