One year lease renewed each year - is this legal?

Hi everyone,

A place I’m considering will be a one year lease to be renewed each year. I’m interpreting this as I would sign a one year lease each year, and that it would not convert month to month. The landlord has no plans to move in. Is this legal? I thought fixed term leases would automatically convert month to month unless there is a vacate clause which would require the landlord to move in (or some similar reason). I’m hesitant to sign a lease like this because they could decide not to renew the lease and would have no legal obligation to let me know ahead of time, which would really screw me over because it takes me a long time to find places.