Renting out a property is a common practice in India. However, it is essential to have a proper agreement in place to avoid any disputes in the future. One such agreement is the Leave and License Agreement.
A Leave and License Agreement is a legal document that outlines the terms and conditions under which a landlord gives possession of his property to the tenant for a specified period. It is a written agreement that contains important clauses such as rent amount, security deposit, duration of the tenancy, maintenance responsibilities, and terms of renewal or termination.
In India, a Leave and License Agreement can be registered for a period of 11 months. It is beneficial for both the landlord and the tenant, as it sets clear expectations and helps avoid any misunderstandings in the future.
The registration of a Leave and License Agreement is not mandatory in India. However, registering it with the local government authorities offers legal protection and makes it an enforceable document in court. It serves as proof of the tenancy and can help resolve any disputes that may arise in the future.
To register a Leave and License Agreement, both the landlord and the tenant must visit the sub-registrar`s office in their respective area. They must bring a copy of the agreement, along with other necessary documents such as identity proof, address proof, and passport-sized photographs. The registration fee for a Leave and License Agreement is nominal and varies across different states in India.
If the agreement is not registered, it is considered as an unregistered document. In such a case, it becomes difficult to prove its authenticity or enforceability in court, which can be problematic for both parties.
Conclusion
In conclusion, a Leave and License Agreement is an essential document that protects the interests of both the landlord and the tenant. It is highly recommended to register the agreement to avoid any future disputes or legal complications. Registering a Leave and License Agreement is a straightforward process and can be completed easily by visiting the local sub-registrar`s office. It is always better to be safe than sorry, and registering the agreement provides an added layer of legal protection.