[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Lee Jang Ho staff of |
Kamagroup Pvt. Ltd. Here I have an important INDIA REAL ESTATE news to share
with you which is as undermentioned.
Leave and License Agreements are commonly used, for renting of properties. For
example, most people who graduate frm college and join work in a new city, are
bound to take a house on rent. To rent a house, one must sign a ‘Leave and
License Agreement’ with the landlord (or licensor). This agreement stipulates the
rental amount, period and other essential conditions.
While legal parlance demands that the words ‘licensor’ and ‘licensee’ be used in place
of ‘landlord’ and ‘tenant’, respectively, we will use the latter for reasons of convenience.
Leave and License Agreements will also be referred to as ‘Rent Agreements’, for the
same reason. It may be noted that usually the words ‘landlord’ and ‘tenant’ would
imply creation of tenancy rights, which are avoided in rent agreements. However,
these terms will be used in this article, for reasons of simplicity.
Read more at: https://housing.com/news/arbitration-clause-rental-agreements-can-help-landlords-tenants/
Kamagroup Pvt. Ltd.
Have a nice day.