The parties involved may know each other, but that`s no excuse to relax your lease. The issues important for the agreement must be defined in the treaty in order to avoid future conflicts. Some of these clauses are -“. According to the above-mentioned section, if a document gives only one right to use the property in a certain way or under certain conditions, while remaining in the possession and control of the owner, it will be a licence. The legitimate ownership of this property remains in the hands of the owner of the property, but the licensee may use the premises for specific purposes. But for the authorization, its occupation would be illegal. It does not create a succession or interest in the property in its favor. 3. The handover of the property has no consideration in this regard, since there is no rental agreement or leave and licence agreement without handing over the property. 1. Note that there is no holiday or license in West Bengal.
If the contract receives consideration for money, the same would be treated as rent and would depend on the amount of rent, the rental law would be enforced. In a holiday and licensing agreement, legal ownership of the premises is considered to be remaining by the licensor and the licensee is the constructive ownership of the premises. Thus, a leave and a licence do not justify an interest in the premises for the benefit of the licensee, but give the licensee the right to use and temporarily occupy the premises. In a holiday and license agreement, the owner is considered the legal or judicial possession of the premises and the licensee is in constructive possession of the premises. I am a resident of Kolkata. I have an apartment that I want to rent. Can I enter into a holiday and license agreement with the tenant? How secure is such an agreement and valid in Kolkata? The agreement has a duration of 11 months. Do I have to register it or can I just have it certified by a notary? 2) It is necessary to mention in the holiday and license agreement that the licensor retains ownership and ownership of the ground floor. However, if you are under the WB Rent Act, this is called a rental agreement under the Transfer of Ownership Act. Commercial leases have a very different contractual format than residential leases. They do not have a standard format, as requirements and clauses vary depending on the type of business. It is necessary to read your consulting agreement with the licensee In the recent past, many have emigrated in search of jobs and culture in this vibrant state which, in turn, has witnessed the strong flowering of the real estate market.
Therefore, LegalDesk provides anyone considering participating in rental transactions with a guide on how to design a lease and make it legally valid in the state of West Bengal. 1. A dated certificate on the back is very possible….