Advocates and Associates.
The cost of Leave and License Agreement incurs of Stamp Duty and Registration charges payable to the Government. This is calculated on the basis of your License Fees (Rent) and Deposit amount.
Fees charges by the Agent / Service Provider for carrying out this registration process is between range of Rs.1,500 to Rs.3,000/-.
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It is absolutely compulsory to register your Leave and License Agreement.
In fact, it is for the benefit of the Owner to register this Leave and License Agreement.
If you do not register the Leave and License Agreement then you loose the benefit of quickly vacating the Licensee (Tenant) and seek damages and compensation from him/her/them.
Thus, it is absolutely necessary to register the Leave and License and same is for the benefit of the parties.
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Leave and License Agreement is the Agreement for giving premises on Rent but here we carefully don’t you the word RENT as the legal impact of RENT is different then Leave and License.
Leave and License is for limited purpose of use and the stay of the Licensee (tenant) is not permanent in any manner.
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