LEAVE AND LICENSE AGREEMENT
This Agreement is made on [Date] between [Lessor] and [Lessee]
- Parties. This Leave and License Agreement is between [Owner Name], R/o [Address] (the "Licensor") and [Occupant Name], R/o [Address] (the "Licensee").
- Property Description. The Licensor grants a license to use the premises at [Flat/Unit No., Building, City], admeasuring [Area] sq. ft., together with amenities and fixtures.
- Term / Duration. The license is granted for [11 months] from [Start Date] to [End Date], being terminable and renewable as provided herein.
- License Fee & Escalation. The Licensee shall pay a monthly compensation of Rs. [Amount] by the [5th] of each month, escalating [10]% on renewal.
- Security Deposit. An interest-free refundable deposit of Rs. [Amount] is paid, refundable on vacating after adjusting dues and damages.
- Use. The premises shall be used for [residential/office] use only. No tenancy, sub-tenancy or interest in the property is created by this license.
- Maintenance. The Licensee shall keep the premises in good condition; society/maintenance charges shall be paid by [Licensor/Licensee].
- Utilities. Electricity, water and other utility charges during the license period shall be borne by the Licensee.
- Lock-in. A lock-in of [6 months] applies during which the license shall not be revoked/surrendered without cause.
- Notice. Either party may terminate after lock-in by [one] month's written notice.
- Termination. On expiry or termination, the Licensee shall vacate and hand over peaceful possession without claiming any tenancy right.
- Stamp Duty & Registration. The Agreement shall be registered as required under State law; stamp duty and registration charges shall be borne by [Licensee].
- Governing Law. This Agreement is governed by Indian law and subject to the jurisdiction of courts at [City].
IN WITNESS WHEREOF the parties have signed this Agreement on the date first written above.
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[Licensor]
[Licensor]
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[Licensee]
[Licensee]
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Witness 1: [Name & Address]
Witness 1: [Name & Address]
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Witness 2: [Name & Address]
Witness 2: [Name & Address]