Anyone can advise how to interprete this clause for contract in my tenancy agreement?
" The landlord agrees with the tenant that the landlord shall on the written request of tenant made not less than 2 months before the expiration of the term and if there shall not at the time of such request be any existing breach or non observance of any of the conditions of this agreement, grant to the Tenant an extension not exceeding 1 year from the expiration of the Term upon the same terms and conditions as contained herein subject only to the right of the landlord to review the rent payable to a scale equivalent to the then market value. "
Since our flat's contract will expire end September 2008, so I don't know we need to contact the landlord 2 months in advance to discuss about it or not. Or the Landlord's duty to contact the tenant for asking anything regarding the rental including termination, renew contract, new price, etc.
Thanks a lot ......