1. If the lease contract expires and the lessee continues to enjoy the leased property with the lessor's knowledge and without their objection, the lease shall be deemed to have been renewed under its original terms for a period of one year, unless the lease term was shorter than that. 2. This renewal shall be deemed a new lease, not merely an extension of the original lease. However, the real (in rem) securities that the lessee provided in the old lease shall transfer to the new lease. As for personal or real suretyship, it shall not transfer to the new lease unless the surety agrees thereto.
Interpretation and application must be checked against the official text and current version.