Term of 20 or More Years

Notwithstanding the provisions of § 65305, if the initial term of the contract is for twenty years or more the contract may provide that on the anniversary date of the contract or such other annual date as specified by the contract beginning with the anniversary date on which the contract will have an unexpired term of nine years, a year shall be added automatically to the initial term unless notice of nonrenewal is given as provided by § 65307.