New Rent Law
My home lease agreement was signed on Aug-2004 with validity for one year till 30th August 2005.every year Landlord used to give a notice with rent hike. Again last Aug-2008 my landlord issued me a notice stating 15% hike on my rent, According to the new law the rent shall not be increased until Feb 14 2010.
1, Does the landlord have right to increase the rent since he used to increase the rent yearly?
2, Can the yearly notice from landlord with rent hike considered as yearly contract renewal? (even though oroginal contract was signed before 1/1/2005)
Hope some one who can correctly interpret the New rent law could advise me