Redevelopment Clause In Leave And License Agreement

Leave and License Agreement why elf months only By Advocate S. R. Agarwal There is a predominant practice in Maharashtra that a Leave-License licensing agreement is generally entered into and executed for an 11-month period. The question is whether it cannot be more than 11 months if both parties are interested in a much longer period. A license has been defined in Section 62 of the Indian Easement Act as a right to do or continue to do something in or on real estate. It does not transfer interest or the creation of an interest in real estate, such as. B the „LEASE,“ as defined in section 105 of the Transfer of Ownership Act, as a right to diesinier for a specified period, taking into account the price paid. The provisions of paragraph 62 of the Indian Easements Act do not impose a minimum or maximum time limit for which a licence may be granted. A lease of a property in Maharashtra was previously governed by the provisions of the Bombay Rents, Hotel – Lodging House Rates Control Act of 1947 (Popularly known as Bombay Rent Act), which did not provide for the provision of leave-license-based housing until March 1, 1973.

Nevertheless, a practice was in vogue to give the accommodations to the base Leave and License. An instrument creating a rental of real estate lasting one year or more must be registered in accordance with the provisions of Section 17 (d) of the Indian Registration Act. As a result, the leave-license agreements were executed for a period of 11 months in order to avoid and process the stamp and registration of such agreements. The rental agreements of the property. In order for the occupants of these premises not to be able to invoke the provisions of the so-called Bombay Rent Act against their eviction. Second, for the dwellings of a registered co-op, the subletting period was limited to eleven months, with the granting of an extension for a similar period of 45 © of the old standard regulation.