Should landlord have informed us of rent increase?

[cherrieduck]

On a 12 month fixed term contract. It is due to finish in 2 weeks. After this will be a rolling monthly contract that requires 2 months notice to terminate. Rent increase clause says once every 365 days with 1 month notice.

So does this mean, if the landlord was going to increase our rent for month no 13 (1st month outside of 12 month initial term) then they should have notified us about this already?

Yes. But may want to wait one, two or three months and then give a notice to increase, that will could for another 365 days from day of the first increased rent. They may als not increase it at all.

Gotcha, thank you. So essentially we will be obliged to pay at least two months at the increased rent before we could leave.

Rents around me have actually stagnated or even shown signs of falling, so here’s hoping.

Some contacts have details of an annual increase. Have you checked yours?

Yes, all it says is that it can happen at another point if it doesn’t happen before then. But only once every 12 months.

I am just wondering, because this landlord seems to have a very stable tenant base that stay a long time. Tenant before us was here for 15 years, and others in building (all owned by same family) have been here a few years too.

Where we rented previously, people moved every year because rents were increased about 12% no question. So I’m kinda hoping that there won’t be a rent increase.