Final answer:
This question is about a two-year agreement to rent office space in a local commercial building.
Step-by-step explanation:
This question pertains to a rental agreement for office space in a local commercial building. The agreement is for a period of two years and is automatically renewed on a month-to-month basis after the initial term, but can be terminated by either party with a 30-day written notice. If the tenant fails to vacate the premises or hold over beyond the termination date, they may be liable for additional rent and damages. The details provided indicate the terms and conditions of a commercial lease agreement.