Leave and License Agreement
Can I give my shop at Thane in Maharastra to a licensee for a period of 9 terms of 12 months or 5 terms of 12 months on leave and license agreement.
At a stretch in an license agreement, what should be the maximum period one can grant his premises to licensee?
Is there essential to give terms of 11 months?
Can I mention 9 year or 5 year instead of 5 terms of 12 months?
Please advice on this.
Asked 3 months ago in Property Law from Thane, Maharashtra
There is no time limit to grant leave and license.
However all such agreement must be registered.
1) it is not essential to give premises on leave and licence only fir 11 months
2) you can give premises on leave licence for maximum period of 60months with a renewal clause
Leave and license agreement in Maharashtra requires mandatory registration. There is no cap on the duration of the agreement.