I have lived 2 years at my current address. My current 1 year lease expires this month. The landlord has told me that he is facing financial difficulties given an increase in his mortgage payments and has proposed a 6 month lease only. Would adding an additional lease clause to the effect that "the landlord will grant the tenant the right to early termination of the lease (tenant gives 30 days notice) with no financial penalty should a Notice of Default be recorded on the landlord's property" be effective? Any recommendations on how to minimize my risk given that I wish to remain at this address for the next six months?

Best answer, go to month to month rental, and tell them it is because of this reason.

A month-month rental agreement is not an option. How do I best protect myself given that I do not want to move for the next six months and consequently plan to sign the 6 month lease?