1) it is leave and licence agreement . it can be renewed by consent of parties at rent mutually agreed between the parties .
2) you can inform the licensor that you are willing to pay 5%incremental rent every year and to enter into agreement for 33 months with a renewal clause .
3) licensor can evict you as per the clauses in agreement on expiry of the agreement or after giving notice as provided in the agreement
4) company would not fall within ambit of rent control act . every state has its own rent control act . you can check with local lawyer in this regard