Rental agreements for industrial buildings are subject to tacit renewal every six years. Agreements will not be renewed where one of the parties gives express notice of termination by registered mail at least 12 months prior to the agreement expiry date. These terms and conditions will be provided for in the agreement.
Termination of commercial property lease agreements is governed by the last two paragraphs of Article 27 of Law 392/1978, which state:
‘The parties have the option of allowing the lessee to terminate the agreement at any time by means of notice sent to the lessor by registered mail at least six months prior to the date on which the termination will take effect.
Regardless of any contractual provisions, the lessee can, on serious grounds, terminate the agreement at any time by giving at least six months’ advance notice by registered mail.’