As house prices rise these days, such an agreement can help claim ownership of the grantee in the event of a dispute. “From a monetary point of view, it would be costly for a tenant to enter into leases for a period of more than 11 months. From a legal point of view, it would be quite complicated for the owner,” adds Mishra. These leave and licensing agreements are legal documents committing the licensee with respect to the amount of the guarantee, the amount of the tenancy, the length of stay, other debts for the use of the property that cannot be changed once the contract has been signed by both parties. l) “CCF” refers to a store-cum-flat, but the store and apartment are treated as two separate premises, i.e. non-residential or commercial buildings and residential dwellings. In the case of a composite rental agreement, the rent of the dwellings is processed up to one third of the total rent. If the agreement contains a security deposit, add Rs100 and Rs1.100 as a registration fee, bringing the total cost to Rs 6,240. The fees of lawyers or other intermediaries for all documents are not taken into account. Other legal obligations in India are leases. Under the Rent Control Act, the tenant can rent the premises by the landlord and support an amount set as rent for commercial or residential use.
However, legally, the landlord or landlord cannot take over the premises as long as the rent is paid. For leases, a significant amount is paid and there is no more monthly rent to pay. Rent control laws currently favour tenants. These prevent landlords from overburdening tenants. In addition, in the case of a tenancy agreement, the ownership of the property is transferred to the tenant, making it more difficult for the landlord to evacuate the tenant. Donors therefore do not prefer to enter into 12-month leases. With respect to recent rental scenarios in India, the government facilitated the process of registering leave and licensing through the online registration or e-registration process.