Legal Question in Real Estate Law in India

I want to enter into leave and license agreement. can i make it for a period of 5 years or should i make it for 12 months with a renewal clause


Asked on 7/13/11, 3:11 am

2 Answers from Attorneys
Sanjay Kalra Sanjay Kalra & Associates

Choice is your . You can make it for either period as mentioned in your query.

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Answered on 7/13/11, 3:12 am
Shrichand Nahar S.V.Nahar, Advocate

Check provisions of stamp duty and local rent law and act accordingly.

For renewal clause - be careful on renewal clause and it should not be draft in such a manner to construe any renewal other or further renewal then agreed renewals.

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Answered on 7/13/11, 9:39 pm


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