Rental agreements carry a no-fault termination option or option to elect to not renew after the lease has expired virtually everywhere in the US except Californ

Rental agreements carry a no-fault termination option or option to elect to not renew after the lease has expired virtually everywhere in the US except California (and New York City, maybe?), where tenant's rights legislation is very, very toothy. It is largely an artifact of rent control. You can't have effective rent control if a market for the use of the property exists, so rent-controlled jurisdictions respond by making markets illegal. (And then they are shocked, shocked when they fail to clear.)