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Leave and license Agreement


29-Aug-2023 (In Documentation Law)
Can I give my shop at Thane in Maharastra to a licensee for a period of 9 years or 5 years on leave and license agreement? At a stretch in an license agreement, what should be the maximum period one can grant his premises to licensee? Can I mention 9 year or 5 year instead of 9 terms of 12 or 5 terms of 12 months? Please advice on this.
Answers (1)

Answer #1
693 votes
Leave and licence can be only for 5 years and not more. Lease can be of any number of years.
Lease is not advisable. You cannot make a l& l agreement for more than 5 years or any agreement which concludes factum of it being of more than 5 years.

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