A leave and license agreement is a legal agreement which the licensor interim/periodic
grant the licensee to use and hold licensor's static property full or a part of it, for the purpose of
holding business activity otherwise residential use.
For that activity, the licensee should be paid to the licensor a fixed
amount also known as the rent.
This agreement basically granted to the licensee for a period of 11 months.
Leave and license agreement must be registered of the presence of the
sub-registrar at the place of sub register
office or the place where the static property is located.
It is also known as rent agreement.
The agreement should be executed on a stamp paper of appropriate value.
person /parity who are the owner of the property, he grants to a person or organization for
receive amount of money.
Licensee/tenant – the
person /parties who are grants the power of the property in periodic, it is basically 11 month
The sub-register – when
the leave and license agreement create it must be remember that the agreement create the present
of the sub-register at place f judiciary.
When go through to the registerdocument it means judiciary or government
database kept a copy with a unique number, this is most secure and authentic. Further owner and
tenant dispute or argument that time register is strong evidence which terms and condition decided.
When go through to the notary it means government database kept a brief/short
copy of the total agreement witha unique number. So this agreement not to prescribe the whole teams
Stamp duty is one type of tax place on legal document; it is impose
of transfer of homes, buildings, copyright, land, and securities and marriage licenses.
It is alsoknown as stamp tax.
To pay the stamp duty on the sale agreement under section 3 of the
Indian Stamp Act, 1899
The registration fee is a charge that is over and above the stamp
duty. This fee varies from state to state. For example, the registration fee in
westbengal is imposing at 1% of the value of the transaction.
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