The landlord is known for running through tenants quickly. After one year, the landlord will only offer a month-to-month lease and your rights as a tenant will be largely extinguished. She will use this as a means to turn over tenants at the slightest imagined infraction. Your continued tenancy after one year will be wholly dependent on her whim and pleasure — and eventually she finds something wrong with everyone.
While the neighborhood, location and apartment is exceptional, the landlord is judgmental and often mean-spirited — living here bears the risk of sudden termination of lease after one year.