I need some advice from experts here.

I owned a condo, currently being rented out. As per rental agreement, its until July this year (2 years period). The original rent period is 2+1, with 1 being optional.

Now my tenant want to extend the rent period for only 6 months instead of 1 year.

So my questions is:-

1. Should I prepare a new contract?
2. In normal practise, the rental should be maintained or increase?

This post has been edited by sixshot: Apr 2 2017, 02:50 PM