The licensor gives his immovable property full or a portion of it temporarily to the licensee to use and occupy, for carrying out a business activity or residential use. For this, shall be paid by /The licensee has to pay a fixed amount as the rent to the licensor. Generally, this agreement will be for a period of 11 months. The agreement is to be registered before the sub-registrar belonging to the area.
This agreement generally covers
A. Details of the premises
B. Details of rent,
C. Duties and responsibilities of the two parties involved in the agreement.
D. The terms of the agreement,
E, Security Deposit details
F. Details of maintenance, electricity and water charges,
G. Details regarding termination and extension of the agreement
H. Penalty clause
I. Details of fixtures and schedule of property,
J. Right to sub-license.
In your case what is written in Point G is important. In this general, they mention the advance notice to be given by the two parties involved if they want to close the agreement before the validity period, You have to follow that clause.
I suggest you follow the point as written. If the other party is deviating from what is written you can contact a lawyer and take his suggestion and follow the course of action as suggested by him.