If you`re planning to rent or lease a property in Haryana, it`s important to understand the legal terms and conditions that come with it. One such legal agreement is the Leave and License Agreement.
A Leave and License Agreement is a legal document that outlines the terms and conditions for renting out a property. In Haryana, this agreement is regulated by the Haryana Registration (Haryana Regulation and Development) Act, 2016, which requires all Leave and License Agreements to be registered with the concerned authorities.
Here are some important points to keep in mind while drafting a Leave and License Agreement in Haryana:
1. Details of the parties involved: The agreement must provide the names, addresses, and contact information of both the licensor (owner) and licensee (tenant).
2. Description of the property: The agreement must contain a detailed description of the property being leased out, including its address and any relevant information about the property.
3. Rent and deposit: The agreement must outline the rent amount, payment schedule, and deposit amount. It should also mention how the deposit will be returned to the licensee at the end of the agreement.
4. Duration of the agreement: The agreement must specify the duration for which the property is being leased out, including the start and end dates.
5. Maintenance responsibilities: The agreement must mention the responsibilities of both the licensor and the licensee with regard to maintaining the property. This includes the upkeep of the property, electricity and water bills, and any other maintenance expenses.
6. Restrictions and permissions: The agreement must specify any restrictions or permissions for the licensee, such as the use of the property, sub-letting, or any other specific clauses that the owner wants to include.
7. Termination: The agreement must mention the conditions under which the agreement can be terminated by either party, including the notice period required.
It`s important to note that a Leave and License Agreement is different from a rental agreement. Under a rental agreement, the tenant is entitled to certain legal protections and can`t be evicted without due process. However, in a Leave and License Agreement, the tenant has no such protections and can be asked to vacate the property at any time if the agreement is breached.
If you`re planning to draft a Leave and License Agreement in Haryana, it`s important to consult a legal professional who can help you navigate the legal requirements and ensure that the agreement is legally binding. By doing so, you can protect your interests as a property owner and ensure a smooth tenancy for your tenant.