Leave and License Agreement

Whether buying, renting or leasing any immovable property, both the dealer parties of the property must ensure that the property documents is generated appropriately with all the legal matters incorporated. Transactions related to property in India, are document intensive given the complex legal, statutory and regulatory framework.

Leave and license agreement is one of the contractual process that needs to be done precisely. Leave and license agreement is a rental agreement between the tenant and the landlord(owner of property), signing a contract where both the parties are required to abide by the legal policies involved and the tenant liable to pay a sum amount on a monthly basis on a specified date during entire ‘Licensed Period’.

Both the parties need to ensure that all the necessary terms and conditions are included in the documents. The basic concept of ‘Leave and License Agreement’ is to forbid the tenant to occupy the property beyond rental period. The term ‘License’ and ‘Licensed Period’, specifically denotes the legitimate, limited and temporary use of the property of its Owner (Licensor) by the Tenant (Licensee).

Being practicing in Real Estate Sector for a long time now, we understand how the legal procedures work. Thus under the guidance of senior counsels, we have drafted a master format of ‘Leave and License’. This draft includes all legal aspects and consideration of short period rental deal called ‘Leave and License’. In consultation with Senior Counsels, we have originated several new terms and clauses, which are generally not a part of the old agreement templates.

We provide you with the latest, updated draft of leave and license agreement, online, that tends to encase all the essential aspects including references and other events affecting leave and license deals. Realty Pillar can be your ultimate source to prepare an accurate draft of leave and license agreement. For details on our services, log-on to www.realtpillar.com/leave_and_license_agreement.