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A license as per the Indian Easement Act 1882, is the right granted to a person to do an activity on the property of another person, which in the absence of a grant of such right would be illegal.
A leave and license agreement is a legally binding agreement which allows the licensee to use the property of the licensor for conducting certain activities, however, it does not create any interest in the property being licensed. This Agreement is more like granting permission for carrying out certain activities on the property.
The popularity of leave and license agreement has increased as opposed to a lease agreement in the light of control of rights favouring the licensor.
1. What is the difference between a lease deed and leave and license agreement?
Leave and License Agreement
Creation of interest in the property
Creates interest in the property
Does not create an interest in the property
Can be transferred or assigned to another person unless specifically prohibited
Cannot be transferred to another person.
Cannot be revoked unless in accordance with section 111 of the Transfer of Property Act.
Can be revoked at any time by the licensor at his will
Regulated under the state rent control Act
Is always regulated by the State rent control Act and hence falls under rent control
may or may not be regulated by the rent control act depending on the state.
Subrogation of rights
Allows the lessee to sublease the property
No sublicensing is allowed under such an agreement.
2. What all should be included in a leave and license agreement?
A leave and license agreement should contain the following:
3. Should leave and license agreement be registered?
Leave and License Agreement is necessary to be registered under section 55(1) of Maharashtra Rent Control Act 1999. Section 55(2) places this responsibility clearly on the landlord.