I signed (in London - UK) a tenancy agreement in December 2013 for 3 times 1 year (the landlord wanted this instead of a 3 years contract). The term of the contract will arrive in a few months and I'd be happy to stay.
I fear the landlord might ask for a crazy raise like 20% (it appears you always find people to pay stupid amounts in London) and I'd like to know how are things going to play out.
I sent an email stating that I'd like to sign an extension now, the landlord answered that he would be happy to sign another contract at the end of the tenancy (but no info on price).
We are model tenants so he is happy about us, but I still have no security about the price, and I don't want to have to rush into moving out.
- How is the end of tenancy going to be "decided" (notice, letter, how long before the end of the contract) ?
- Are there some law that prevent ridiculous increases like in other european countries ?
- Is the contract automatically rolled over (with what conditions) if he does not send a letter ?
- Is there an optimal way of doing things for me here (I understand law has changed very recently)
PS: if the question is better asked somewhere else please advise