Keeping students as tenants in a flat
I have legally owned 2 bedroom flat in Pune in which I keep 3 to 4 students / young professionals on sharing basis, as "tenants" for varying duration between 6 months and 2 years. So far I have not used a formal Leave and License agreement as a basis for the tenants. The "rent agreement" is done on an informal / verbal basis so far. The fact that, 1) such tenants change off and on, 2) the tenants are reluctant to spare time (half a day) to go to Registration Office for L&L, and 3) sharing the cost (upto Rs. 5000/-) -- are the main reasons for the informal/ verbal arrangement.
Question: Does such informal arrangement put me in a Legally un-tenable or difficult situation if I come across an awkward tenant with malafide intention over my flat? Is there any mechanism which can cater for changes in the mix of 3 - 4 occupants who share the flat, from time to time, in case a L & L agreement is created. Or is a L&L agreement is a must for each of the tenants, individually ?
Asked 8 years ago in Property Law
Religion: Hindu
Is an unregistered Leave & License agreement of any benefit or a liability, in case a tenant refuses to leave ?
Asked 8 years ago