What this draft covers
- Licence period, rent-free fit-out period and renewal option
- Licence fee with escalation, deposit, outgoings on the licensor
- One-sided lock-in favouring the licensee
- Fit-out, signage and licensor’s NOCs for business registrations
- Optional clause to combine adjacent units through an internal opening
- Title warranties, repairs, sale of premises, registration under Section 55 MRC Act
When to use it
Use when you act for a business taking commercial premises on leave and licence in Maharashtra, especially where it is combining two adjacent units.
Format: Editable Word document (.docx), 4 pages.
Preview
LEAVE AND LICENCE AGREEMENT (COMMERCIAL PREMISES)
[Licensee-favourable form, with optional clause for combining adjacent units]
This Agreement is made at [place] on [date] between:
[NAME(S) OF LICENSOR(S)], aged [●] years, PAN [●], residing at [address] (the “Licensor”, which expression includes the Licensor’s heirs, executors, administrators and assigns), of the one part; and
[NAME OF LICENSEE], [a proprietary concern of / a company / an LLP] having its office at [address], PAN [●], GSTIN [●] (the “Licensee”, which expression includes its successors and permitted assigns), of the other part.
WHEREAS the Licensor is the owner of [Unit / Shop / Office] No. [●], admeasuring [●] sq. ft. carpet area, on the [●] floor of [building], [address], more particularly described in the Schedule (the “Premises”), and has agreed to permit the Licensee to use the Premises on leave and licence basis on the following terms.
1. LICENCE AND PERIOD
1.1 The Licensor …
Buy this draft, or subscribe to download every draft in the library.
Reviews
There are no reviews yet.