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Lease & License
Commercial lease deeds, leave and license agreements, rent agreements
What are Lease & License Agreements?
📌 Overview
Lease and license agreements govern property occupation rights. HLAPL provides drafting and registration of commercial lease deeds, leave and license agreements, and rent agreements.
✅ Key Aspects
Commercial lease deed drafting, Leave and license agreement, Rent agreement for residential/commercial, Lease term and rent escalation, Maintenance and utility charges, Security deposit terms, Renewal and termination clauses, Registration with Sub-Registrar.
⚖️ Legal Framework
Leases governed by Transfer of Property Act, 1882. License agreements governed by Indian Easements Act, 1882. Registration mandatory for leases over 12 months.
Important FAQs
❓ What is the difference between lease and license?
Lease transfers exclusive possession rights. License permits permissive occupation without exclusive rights. HLAPL advises on appropriate agreement.
❓ Is rent agreement registration mandatory?
Registration mandatory for leases over 12 months. License agreements may not require registration. HLAPL handles registration when required.
❓ What should a commercial lease include?
Rent, escalation, maintenance, permitted use, alteration rights, lock-in period, and termination. HLAPL ensures comprehensive commercial leases.
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