Legally structured as a Leave and Licence Agreement for short-term occupancy (typically capped at 11 months), this document grants a license to occupy a property without transferring tenancy rights. It protects the landlord's asset by detailing security deposit terms, maintenance duties, eviction protocols, and rent escalation schedules, avoiding the complex litigation risks of the Rent Control Act while ensuring complete peace of mind.
Grants a simple license to occupy the property, ensuring the owner retains complete legal possession and preventing permanent tenancy.
Avoids mandatory sub-registrar registration requirements and associated high stamp duty charges while ensuring flexibility.
Details security deposit amounts, monthly payment deadlines, utility responsibilities, and conditions for deductions.
Clearly designates minor repair responsibilities and major structural wear-and-tear liabilities between both parties.
Under Section 17 of the Registration Act, 1908, leases of 12 months or longer must be registered, which requires stamp duty and registration fees. An 11-month 'Leave and Licence' agreement avoids this requirement, saving time and money.
A lease transfers a legal interest in the property to the tenant, granting them exclusive possession and strong protection against eviction. A Leave and Licence agreement only grants permission (a license) to use the property, leaving legal possession with the owner.
Yes. Since an 11-month Leave and Licence agreement does not create tenancy rights, the licensee must vacate the property once the term ends or the notice period expires. If they refuse, they are considered trespassers, and recovery is legally simpler than evicting a tenant under a lease.
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