LEAVE & LICENSE
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A leave and license agreement is an instrument/agreement wherein the licensor allows the licensee to temporarily occupy and use licensor’s immovable property fully or a portion of it, for the purpose of carrying business activity or residential use. For this, the licensor shall be paid by the licensee a fixed amount also known as the rent. The leave and license is usually granted to the licensee for a period of 11 months. The agreement must be registered before the sub-registrar at the place of jurisdiction (the place where the immovable property is located).