LEAVE AND LICENSE AGREEMENT
A leave and license agreement is an instrument/agreement wherein the licensor allows the licensee to temporarily occupy and use of immovable property for carrying on his business or residential purposes. The licensor grants the leave and license to the licensee for a minimum period of 01 months to 60 months and for this, the licensee shall pay to the licensor a fixed amount of license fee/rent amount . This agreement has to be mandatorily registered before the sub registrar of assurances at the place of jurisdiction where the property is located. The licensor is absolutely seized and possessed of and or otherwise well and sufficiently entitled to all that constructed portion being unit described in schedule hereunder written and are hereafter for the sake of brevity called or referred to as licensed premises and is/are desirous of giving the said premises on leave and license basis under section 24 of the maharashtra rent control act, 1999.