A Leave and License Agreement is a legal contract commonly used in India to formalize the relationship between a property owner (licensor) and a tenant (licensee) for the temporary use and occupation of a property. This agreement is essential for renting residential or commercial properties and outlines the terms and conditions governing the use of the premises. Here are key points to understand about a Leave and License Agreement:

1. Nature of Agreement: A Leave and License Agreement creates a license to occupy a property, not a lease or tenancy. This distinction is significant because it allows the licensor to retain more control and easier eviction rights over the property.

2. Parties Involved: The agreement typically involves two parties:

• Licensor: The property owner or landlord who grants permission to the licensee to occupy the property.
• Licensee: The tenant or occupant who receives permission to use and reside in the property.

3. Key Terms and Provisions: A Leave and License Agreement includes several important terms and provisions, including:

• Description of the property.
• Duration of the agreement (usually specified in months or years).
• Rent amount, frequency, and due date.
• Security deposit amount.
• Maintenance responsibilities (e.g., repairs, utilities).
• Rules and regulations governing the use of the property.
• Exit notice period and conditions.
• Penalties for breaching the agreement.
• Termination and renewal clauses.