Скачать с ютуб Leave & License Agreement: Details, Differences, Online Registration & More | Decoded | Housing.com в хорошем качестве

Leave & License Agreement: Details, Differences, Online Registration & More | Decoded | Housing.com

Welcome to Housing Decoded!!! What are leave and license agreements? How is it different from a lease? What is the process of leave and license agreement online registration? Watch this video and read the article given below to know everything about Leave and license agreements in India. What is a leave and license agreement? A leave and license agreement is a legal document that enables one party to allow another party to use their immovable assets, i.e., property, for a specific period without any change in the ownership of the asset. Leave and license agreements are commonly used among landlords and tenants in India, especially in the rental housing segment. While various courts have, from time to time, elaborated on the legal concept, the basis of the leave and license agreement is found in the Indian Easements Act, of 1882. According to Section 52 of the Indian Easements Act, where one person grants to another, or to a definite number of other persons, a right to do, or continue to do, in or upon the immovable property of the grantor, something which would, in the absence of such right, be unlawful and such right does not amount to an easement or an interest in the property, the right is called a licence. According to the Supreme Court, if a document gives only a right to use the property in a particular way or under certain terms, while it remains in the possession and control of the owner thereof, it will be a license. Basically, no interest in the property is transferred to the tenant. How is leave and license agreement different from lease? In the commercial realty segment, the use of lease agreements is more common. The difference between the two is that a lease creates in favour of the tenant an exclusive interest in the property, while a leave and license agreement does not create any interest in the property towards the tenant. Here are some other differences between lease and leave and license agreement: A lease creates an interest in the property, unlike a leave and license agreement. A lease grants a tenant with exclusive possession, while a leave and license agreement only grants permission to occupy the property. Licenses are revocable; leases are not. Leases are not determined by the grantor, while licenses are. Leases are transferable while licenses are not. A lease creates inheritable rights, unlike licenses. Read more about this here: https://housing.com/news/leave-and-li... Like | Share | Subscribe | Comment | Hit the Bell Icon Check out Housing.com now: https://dzfki.app.link/lPEcCTeXkwb