Ana from Savvy Cat Realty mentioned in the webinar last night that the renewal period is for a three year period. I had seen an article on that from idealista. I looked at our lease and it states that the renewable terms are for one year.
I searched out for an answer and found this link. Here are a couple of highlights.
"With the approval of Law no. 13/2019, if the agreement does not establish different, the rental for housing is renewed for a minimum period of three years, except in the cases of leases for non-permanent housing or for special temporary purpose."
"That is, at the same time as Law No 13/2019 of 12 February establishes the minimum duration of one year for leases in general, with a few exceptions, the landlord can never oppose renewal of the contract before 3 years (in the case of housing leases) and 5 years (in cases of non-residential leases)."
My interpretation is our lease renews for 1 year periods and our landlord cannot oppose renewal for 3 years even though our lease states they can with 120 days notice of lease end or renewal.