The Lease & License Agreement is a crucial legal instrument in Indian property transactions, essential for both residential and commercial property arrangements. This document is required when a property owner (lessor/licensor) wishes to grant temporary occupation rights to another party (lessee/licensee) in exchange for periodic payments. The agreement must comply with the Transfer of Property Act, 1882, Registration Act, 1908, and relevant state-specific rent control laws. It typically includes detailed terms about property use, rent payments, maintenance obligations, and termination conditions. The document becomes particularly important in urban areas where rental arrangements are common and require legal structuring. Whether used for residential purposes or commercial establishments, this agreement serves as a fundamental document for protecting the interests of both parties while ensuring legal compliance with Indian property laws.
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1. Parties: Details of the Lessor/Licensor and Lessee/Licensee including full names, addresses, and contact information
2. Background: Context of the agreement, brief description of the property, and intention of the parties
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the leased premises including address, dimensions, and amenities included
5. Term and Renewal: Duration of the lease, commencement date, and renewal terms if any
6. Rent and Security Deposit: Rental amount, payment schedule, security deposit details, and mode of payment
7. Utilities and Maintenance: Responsibilities for utility payments and maintenance obligations of both parties
8. Use of Premises: Permitted use of the property and any restrictions
9. Rights and Obligations: Detailed rights and obligations of both lessor and lessee
10. Lock-in Period: Details of any lock-in period and consequences of early termination
11. Termination: Grounds for termination and notice requirements
12. Handover: Conditions and process for property handover at the end of tenure
13. Governing Law: Applicable laws and jurisdiction
14. Dispute Resolution: Process for resolving disputes between parties
15. Notices: Method and addresses for serving notices under the agreement
1. Force Majeure: Provisions for unforeseen circumstances preventing performance of obligations
2. Subletting: Terms regarding subletting or assignment rights, if permitted
3. Structural Changes: Provisions regarding modifications or alterations to the property
4. Insurance: Requirements for property insurance and responsibility for premium payments
5. Right of Entry: Conditions under which lessor may enter the premises
6. Property Management: Terms regarding society/building management rules and compliance
7. Furniture and Fixtures: Details of furnished properties and inventory management
8. Pet Policy: Terms and conditions regarding keeping pets in the premises
9. Commercial Terms: Additional terms for commercial property leases including business hours, signage rights
1. Schedule A - Property Description: Detailed description of the property including floor plan and boundaries
2. Schedule B - Inventory List: List of furniture, fixtures, and appliances provided with the property
3. Schedule C - Payment Schedule: Detailed breakdown of rent, maintenance charges, and other periodic payments
4. Schedule D - House Rules: Building/society rules and regulations to be followed
5. Schedule E - Maintenance Responsibilities: Detailed split of maintenance responsibilities between parties
6. Appendix 1 - Property Photos: Photographs documenting the condition of the property at the time of handover
7. Appendix 2 - Required Documents: Copies of ownership proof, ID proofs, and other relevant documents
Relevant legal definitions
Agreement
Applicable Law
Building
Business Day
Commencement Date
Common Areas
Consideration
Default Interest Rate
Deposit
Effective Date
Force Majeure Event
Lease Period
Lease Term
Licensed Premises
Licensee
Licensor
Lock-in Period
Maintenance Charges
Monthly Rent
Notice
Occupancy Charges
Parties
Permitted Use
Premises
Property
Registration Authority
Rent
Schedule
Security Deposit
Service Providers
Stamp Duty
Taxes
Term
Termination Date
Termination Notice
Utilities
Working Hours
Applicable Law
Building
Business Day
Commencement Date
Common Areas
Consideration
Default Interest Rate
Deposit
Effective Date
Force Majeure Event
Lease Period
Lease Term
Licensed Premises
Licensee
Licensor
Lock-in Period
Maintenance Charges
Monthly Rent
Notice
Occupancy Charges
Parties
Permitted Use
Premises
Property
Registration Authority
Rent
Schedule
Security Deposit
Service Providers
Stamp Duty
Taxes
Term
Termination Date
Termination Notice
Utilities
Working Hours
Clauses
Parties and Property Description
Term and Renewal
Rent and Payment
Security Deposit
Utilities and Maintenance
Use of Premises
Rights and Obligations
Lock-in Period
Insurance
Assignment and Subletting
Alterations and Improvements
Entry and Inspection
Force Majeure
Indemnification
Default and Remedies
Termination
Handover
Notices
Governing Law
Dispute Resolution
Registration and Stamp Duty
Severability
Entire Agreement
Amendments
Property Access
Common Areas
Compliance with Laws
Repairs and Maintenance
Building Rules
Representations and Warranties
Term and Renewal
Rent and Payment
Security Deposit
Utilities and Maintenance
Use of Premises
Rights and Obligations
Lock-in Period
Insurance
Assignment and Subletting
Alterations and Improvements
Entry and Inspection
Force Majeure
Indemnification
Default and Remedies
Termination
Handover
Notices
Governing Law
Dispute Resolution
Registration and Stamp Duty
Severability
Entire Agreement
Amendments
Property Access
Common Areas
Compliance with Laws
Repairs and Maintenance
Building Rules
Representations and Warranties
Relevant Industries
Real Estate
Residential Property
Commercial Property
Retail
Industrial
Corporate
Hospitality
Education
Healthcare
Information Technology
Manufacturing
Warehousing
Co-working Spaces
Relevant Teams
Legal
Real Estate
Facilities Management
Operations
Administration
Compliance
Property Management
Contract Management
Asset Management
Corporate Services
Risk Management
Relevant Roles
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Corporate Lawyer
Real Estate Agent
Property Administrator
Operations Manager
Contract Manager
Compliance Officer
Real Estate Director
Administrative Manager
Housing Officer
Tenant Relations Manager
Asset Manager
Property Management Executive
Leasing Manager
Real Estate Consultant
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