Participating individuals can contractually decide the amount required as a licence fee, deposit, and other charges.
Business Counselling
GEM & Tender Solutions
Accounting Services
Legal Compliances
Export and Import related Services
Digital Marketing Services
Project Report Preparation & Funding
Ecommerce
Financial Services
A leave and licence agreement is a legal document that allows one party to allow another to use their immovable assets, such as property, for a fixed length of time without changing the asset's ownership. It is a contract /agreement between a landlord and a tenant in which the landlord grants the tenant the right to occupy the place. It is applicable for the duration/term mentioned in the agreement. A lease generates an exclusive interest in the property in the tenant's favour, but a leave and licence agreement does not create any interest in the property in the tenant's favour.
A leave and licence agreement is a legal document that allows one party to allow another to use their immovable assets, such as property, for a fixed length of time without changing the asset's ownership. It is a contract /agreement between a landlord and a tenant in which the landlord grants the tenant the right to occupy the place. It is applicable for the duration/term mentioned in the agreement. A lease generates an exclusive interest in the property in the tenant's favour, but a leave and licence agreement does not create any interest in the property in the tenant's favour.
Participating individuals can contractually decide the amount required as a licence fee, deposit, and other charges.
A typical contract lasts eleven (11) months.
When it comes to tenant cancellation and eviction, the owner has more discretion and privileges
There is no interest transfer from the owner to the tenant.
There are no property rights generated.
Documents Required for Leave and License Agreement Drafting:
For registration of the agreement, you will need some basic documents of the tenant, landlord, and the witnesses, such as