I have had a 24months lease which started on the 1st of March 2010 will be expiring on the 28th of February 2012. In the agreement, there is a section which talks about escalation quote
“The Lessee acknoledges that there will be a rental increase of 10% on the expiry or anniversary date of the initial agreement, which ever comes first."
Since the anniversary i have been paying the same amount from the initial agreement (without the 10%) and the Lessor didnt complain. 10 months down the line after telling him that i am not going to renew my lease with him, thats when he tells me i need to rectify the shortfall. Was this my fault that he didnt notify me of the increament in time? Am i not going to loose my deposit because of this. Is it legal for him not to give me back my deposit because of this?