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Is it legal for my landlord to increase rent after changing company name?
Hi,
Our landlord increased the rent by 10% from last year. We moved in last September 2022, and our landlord took checks from ABC for a 2BHK at xxxxx Courtyard for 66,000.
This year, he opened a new company (CDF), and we all tenants received new contracts with a 10% rent increase. Is this allowed?
Can the company name be changed and the rent increased by 10%?
I believe that the rent should not increase for the first two years, or that the rent should remain the same for the first year in the new company.
I need your help and advice, as 10% is too high for anyone.
Sincerely,
JL
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