Document background
The Lease & License Agreement is a crucial legal instrument in Indian property transactions, essential for both residential and commercial property arrangements. This document is required when a property owner (lessor/licensor) wishes to grant temporary occupation rights to another party (lessee/licensee) in exchange for periodic payments. The agreement must comply with the Transfer of Property Act, 1882, Registration Act, 1908, and relevant state-specific rent control laws. It typically includes detailed terms about property use, rent payments, maintenance obligations, and termination conditions. The document becomes particularly important in urban areas where rental arrangements are common and require legal structuring. Whether used for residential purposes or commercial establishments, this agreement serves as a fundamental document for protecting the interests of both parties while ensuring legal compliance with Indian property laws.
