Thanks both for the advice. Glad to know that I'm not the only one in this situation. Will revert once I get a chance to speak via the agent.

Apparently the owner has many units within the vicinity so I guess he cant use the 'excuse' that he or his family would like to move in. I guess this is the way he tries to get around the system. The agent says that it is highly unlikely that he would ask me to vacate since he does not have any cashflow problems, ..... I guess I'll need to take this with a piece of salt!.