It is advisable to register leave and licence agreement
It attracts nominal charges and helps you in avoiding legal complications
Is it compulsory to have a leave and license agreement of more then three years registered. The property is situated in Kolkata.
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It is advisable to register leave and licence agreement
It attracts nominal charges and helps you in avoiding legal complications
Is it mandatory?
Any such agreement beyond one year is not valid and not enforceable it is is an unregistered agreement, hence it is always advisable to get it registered.
Nobody wishes to see oneself embroiled in a legal dispute. However, much faith one has in the judiciary, you cannot deny the stress and anxiety that comes with it, not to mention the year long trails! Mutual Agreements hence are very vulnerable when juxtaposed on the long term relationship one has to maintain with Licensor/Licensee. Rid yourself of all the risk by registering your Leave and License Agreements; after all it is what our law recommends as well as mandates.
Section 55 of the Maharashtra Rent Control Act, 1999, mandates the registration of a Tenancy or Leave and License Agreement. Failing to adhere the same can result in imprisonment up to three months and a penalty amounting to Rs. 5000.
leases of immovable property from year to year, or for any term exceeding one year, or reserving a yearly rent is compulsorily registrable in West Bengal.