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Definition of First amendment lease. A lease which contains a first amendment clause. Used for lessees who may opt to purchase equipment early. Typically- includes a penalty for non-purchase or requires the lessee to renew for a fixed number of months. Used to shorten term and get operating lease treatment. Also called a Stretch Lease in Canada.
The answer to your question exists in your original lease. Typically the landlord is required to give you 30 days notice, much in the same way you are required to do the same for the landlord. Most leases include a clause that states this and also mentions that if a lease is not renewed the tenancy reverts to a month to month basis which means that anything can be changed from the original lease with 30 days notice.