My lease states the following:
LEASE TERM. The initial term of the Lease Contract begins on the 12th day of October, 2019 and ends at midnight the 11th day of October, 2020. This Lease Contract will automatically renew (see section 15) unless either party gives at least days written notice of termination or intent to move-out as required by paragraph 37. If the number of days isn’t filled in, at least 60 days notice is required.
I was unaware of an auto-renewal clause in my contract didn't give written notice of cancellation until 9/8/20 (deadline was 8/12/20). Now my complex is trying to stick me with a huge bill to buyout the new lease contract, which begins 10/12. How would this contract renewal likely be interpreted under MI law? It does not explicitly define the exact duration(e.g. begins 10/12/20 and ends 10/12/21) of the auto renewal and section 15 makes no reference to the matter. If not explicitly stated, I believe an auto renewal by default in MI would move month to month. Would this qualify?