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Properties for Sale.
Leave and Licence Agreement ... drafted by Divya Kant Mehta
LEAVE AND LICENCE AGREEMENT
THIS AGREEMENT OF LEAVE AND LICENCE made and entered into at Bombay on
this _____ day of _______, 200__ by and BETWEEN Shri
______________________, an Adult, Indian Inhabitant of Mumbai Occupation:
______________, residing at ________________________________________,
hereinafter called "the LICENSOR" the Party of the First Part AND Shri
___________________, an adult, Indian inhabitant of Mumbai, occupation:
_____________ having his address at ____________________________,
hereinafter called "the LICENSEE" the Party of the Second Part.
WHEREAS the Licensor is carrying on business of ________________________
from his Shop No._________________________________ and he is otherwise
well and sufficiently entitled to and possessed of the said Shop
No.__________________, hereinafter referred to the said shop premises AND
WHEREAS the Licensor is not in a position to carry on his business on a
full fledged basis AND WHEREAS the Licensee has approached the Licensor
and requested him to grant a Licence to use and occupy portion of the said
shop premises for a temporary period i.e. for eleven months AND WHEREAS
the Parties have agreed to record the following terms and conditions
agreed between them in respect of the said license:-
NOW THIS AGREEMENT WITNESSETH AS UNDER:-
1. It is hereby agreed by the Parties that the LICENSOR has allowed the
LICENSEE to use and occupy a portion of the said shop premises to carry on
its business activities, for the period of eleven months commencing from
_____ day of ______, 200__ and accordingly allowed the Licensee to use and
occupy a portion of the said shop premises for the said purpose and the
said period will expire on the _______ day of _____, 200__.
2. It is hereby agreed by and between the parties that the Licensee shall
pay interest free security deposit of Rs.___________ to the Licensor on or
before execution of this agreement. Accordingly, the Licensee has paid the
sum of Rs.___________ (Rupees __________________only) to the Licensor
towards Interest free Security Deposit and the Licensor doth hereunder
admit and acknowledge the receipt of the said Security Deposit.
3. The Licensor shall refund the said Security Deposit to the Licensee at
the expiry of the License period and hands over vacant charge of the
portion of the said shop premises to the Licensor forthwith after
adjusting dues, if any.
4. The Licensee shall pay Rs.____________(Rupees ___________) per month
towards monthly compensation to the Licensor in advance on or before
________day of every license month.
5. The Licensee is allowed to bring in its own articles and things in the
portion of the said shop premises during the period of licence and the
Licensee shall remove the same at the expiry of the License period.
6. The Licensee shall pay or reimburse the Electricity charges to the
Licensor as per the Electricity Bills in respect of the said shop premises
during the license period within 7 days of such demand made by the
Licensor.
7. The Licensee shall not cause any nuisance and/or annoyance to the
Licensor and/or neighbouring occupants.
8. The Licensee shall not store hazardous and/or inflammable
material/goods save and except the material/goods permitted to be stored
in their usual course of business and the Licensee shall take out
necessary insurance for the said material goods at its own cost.
9. It is hereby agreed by the Parties that after the expiry of this
agreement, the Licensee shall hand over the portion of the said shop
premises to the Licensor without fail subject to refund security deposit
after adjusting dues if any as aforesaid to the Licensee.
10. It is hereby agreed by and between the parties that what is agreed is
only a license in favour of the Licensee for a period of eleven months and
the Licensee undertakes that it will not claim any right over the portion
of the said shop premises as tenancy or sub-tenancy and also will not
claim any right, title or interest in respect of the said shop premises.
11. The Licensee hereby undertakes that it will use and occupy the portion
of the said shop premises for its own business activities and will not
allow any third party interest in the portion of the said shop premises
nor will it allow any third party to use and occupy the said portion of
the shop premises.
12. The Licensee hereby further undertakes and promises that it shall not
carry out any structural additions or alterations in the said portion of
the shop premises.
13. It is clearly understood by the Licensee that the exclusive possession
of the said shop premises is with the Licensor and he will continue to be
in exclusive possession of the said shop premises.
14. The Licensor has handed over one bunch of duplicate keys of the main
door/shutter to the Licensee for convenience and the Licensee shall not
change/alter the said locks under any pretext. At the expiry of the
license period, the Licensee shall hand over the said bunch of duplicate
keys to the Licensor.
IN WITNESS WHEREOF both the parties are putting their respective seals and
signature to this writing on this day and year as mentioned hereinabove.
SIGNED SEALED AND DELIVERED BY )
the withinnamed LICENSOR; )
_____________________________ )
in the presence of................... )
SIGNED SEALED AND DELIVERED BY )
the withinnamed the LICENSEE )
________________________________ )
in the presence of............ )
RECEIPT
RECEIVED a sum of Rs._______ )
(Rupees ______________ only ) as )
Security deposit without any interest )
from the Party of the Second Part ) Rs.___________/-
Our Brokerage: Rent: Equivalent to one month's rent : Sale: Equal to 2% of
the deal value. Service tax extra (10.2%) Short term let: 15% of the gross.
TDS on brokerage - 5.61% TDS on rent - 16.83%
Lease, sale, franchise, collaborations etc. Residential, Office, Industry,
Retail, School etc. Delhi, Gurgaon, Noida, Faridabad, Ghaziabad.
Email:
swagatamwebsite@gmail.comDisclaimer
