A leave and license agreement of open land is a legal contract between the owner of a piece of land and the person who wishes to use it for a specific period of time. This agreement is commonly used in India for various purposes, such as setting up a temporary business, farming, or construction. Here is what you need to know about this agreement:
Definition of Leave and License Agreement
A leave and license agreement is a lease agreement that grants the licensee temporary and exclusive possession of a property for a specific period. The licensee is not entitled to claim ownership of the property and is required to vacate the premises at the end of the agreed term.
The purpose of Leave and License Agreement of Open Land
An open land leave and license agreement is used to grant permission to an individual or a company to use the land for a particular purpose for a certain period. The agreement sets out the terms and conditions of the use of the property, including the rent, the duration of the license, and the purpose of the license.
Key Terms of Leave and License Agreement
Some of the key terms that should be included in a leave and license agreement of open land include:
1. Rent: The amount of rent payable by the licensee to the landlord for the use of the land should be clearly mentioned in the agreement.
2. Purpose: The purpose for which the land will be used should be clearly mentioned in the agreement.
3. Duration: The duration of the license should be clearly stated in the agreement.
4. Notice Period: The notice period for termination of the agreement by either party should be stated in the agreement.
5. Renewal: The agreement should mention whether it can be renewed or not.
6. Maintenance: The responsibility for maintaining the land during the license period should be clearly stated in the agreement.
Importance of Leave and License Agreement
A leave and license agreement is important as it protects both the landlord and the licensee. It ensures that the licensee is legally permitted to use the land for a specific purpose for a specific period. It also ensures that the landlord is paid rent for the use of the land and that the licensee vacates the land at the end of the agreed term.
Conclusion
A leave and license agreement is a legal contract that sets out the terms and conditions of the use of a property. It is important to have a well-drafted agreement that protects both the landlord and the licensee. If you are planning to use open land for a specific purpose, make sure that you have a leave and license agreement in place before you begin using the land.
