The Property License Agreement is a crucial document in Indian property law that provides a flexible alternative to traditional lease arrangements. This agreement type is particularly useful when property owners wish to grant usage rights without transferring any interest in the property. The License Agreement Property format is commonly used for commercial spaces, temporary arrangements, or specific-purpose usage where the intent is to maintain the owner's absolute control over the property. It must comply with the Transfer of Property Act, 1882, Indian Contract Act, 1872, and relevant state-specific property laws. The agreement typically includes detailed terms about property usage, license fees, duration, maintenance responsibilities, and termination conditions, while ensuring that the arrangement cannot be construed as a lease under Indian law.

1. Parties: Identifies and provides full details of the Licensor and Licensee, including their legal status and addresses

2. Background: Explains the context and purpose of the license agreement and brief description of the property

3. Definitions: Defines key terms used throughout the agreement for clarity and consistency

4. Grant of License: Specifies the exact nature and scope of the license being granted, including any restrictions

5. Duration: States the term of the license, including start date, end date, and any renewal provisions

6. License Fee: Details the amount, payment schedule, and method of payment for the license

7. Security Deposit: Specifies the security deposit amount, terms of holding, and conditions for refund

8. Permitted Use: Clearly defines how the property may be used by the Licensee

9. Maintenance and Repairs: Outlines responsibilities for maintaining and repairing the property

10. Utilities and Outgoings: Specifies responsibility for utility payments and other property-related expenses

11. Rights and Obligations: Lists specific rights and obligations of both Licensor and Licensee

12. Termination: Details circumstances under which the agreement can be terminated by either party

13. Governing Law and Jurisdiction: Specifies that Indian law governs the agreement and establishes jurisdiction

14. Notices: Provides the procedure and addresses for serving notices under the agreement