Time limit for letting out premises under Leave and License basis
I have let out my flat to a Private Ltd Company for residential use since the last 54 months. The initial agreement for 22 months was followed by 2 subsequent renewals of 22+ 11 months. The agreements have been duly registered under Section 24 (2) of the Maharashtra Rent Control Act 1999.
How long can I continue with renewing this agreement with the same licensee, without compromising
on my ownership rights or conferring any adverse rights to the licensee.
Is it safer to keep changing licensees over a particular time period to ensure peaceful and unhindered possession of the flat when required?
Asked 8 years ago in Property Law
Religion: Hindu