Revocation of Leave and License Agreement

1. Draft a leave and license agreement and review with the parties involved.
2. Purchase e-stamp paper.
3. The date for the Sub-registrar office will be provided for the registration of lease.
4. Government registration fees have to be paid.

The word “terminate” is generally used in two senses in a license agreement, both meaning the agreement ends. One sense is the natural end to the “term” of the contract. A license agreement with a two-year term will terminate two years after the effective date. We think of this as the happy form of termination.

Is it compulsory to register leave and license agreement? Yes, any agreement for leave and license or letting of any premises, shall be in writing and shall be registered under the Registration Act, 1908. An agreement of licence in writing shall be conclusive evidence of the fact stated therein.

11 months
The leave and license are 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).

Differences between lease and leave and licence agreement A lease creates an interest in the property, unlike a leave and licence agreement. A lease grants a tenant with exclusive possession, while a leave and licence agreement only grants permission to occupy the property. Licences are revocable; leases are not.

Terms in an agreement prescribing for a time period within which any one of the contracting parties or either of the contracting parties cannot terminate the contract is known as a lock-in clause.

The Act of Cancelling a Licensing Agreement For example, cancelling a EULA agreement may be done by an end user merely by deleting or cancelling their account. The developer may cancel the EULA if they can show that the user somehow violated the terms of the agreement.

A leave and license agreement is the safest way for a landlord, experts say. Unlike a lease agreement, the Lease and License agreement does not transfer the right to enjoy the property to the employer. By definition, its document gives a person the right to do or continue to do something inside the immovable property.

Under a lease agreement, the tenant generally has exclusive possession with respect to the property. In other words, a license does not create any interest in the premises in favor of the licensee. A license agreement is easier to terminate than a rent agreement.

If the notice period is two months, you will have to give a two-month notice to your landlord in case you plan to vacate the house. However, the notice period is typically not valid during the lock-in period for either party.

Once the leave and license agreement is executed it has to be approved by the sub-registrar. There are four ways of cancellation or termination of leave and license agreements: Automatic Termination: the agreement that is automatically terminated after the end of the leave and license period is referred as automatic termination.

Each party should thereafter keep a signed copy of the agreement. If the laws require you to register your leave and license agreement, then it should be mandatorily carried out. A leave and license agreement is required to be printed on stamp paper of correct value, as per the laws in different States.

A lease deed or rental agreement is a contract where lessee agrees to pay rent to the lessor for the use of the immovable property. The registration for the leave and license agreement can be done online through e-registration. Online registration of rent agreement can be done by:

Termination of License Agreement . Immediately upon the termination of the License Agreement, and if such termination is as the result of a default thereunder by Lessee, the termination hereunder shall be deemed to be as a result of Lessee’s default hereunder.