We signed the usual 2 year lease with the land agent and that runs out in the middle of this year. As I understand, during the 1st year, neither of you can break the contract, and in the 2nd year, you can break it, but the landlord can't.
Anyway, I want to know, do I need to do anything official like sign a new lease mid this year when my current one runs out, or do I just keep on living there and paying rent? A friend says that's the case, and the agreement just rolls on on a month-to-month basis. And either party can end it with some notice period.