Leave license agreement for 15 months
ADV-JEEVAN PATIL, MUMBAI
(Querist) 20 July 2014
This query is : Resolved
Leave & License Registered Agreement executed for 15 months only in Mumbai is legal and regular to safeguard the interest of Licenssor. Normally LL is made for 11 months.If it is for 15 months, Would it meean lease since it is more than 11 months.Your advice is solicited.
Jp
ajay sethi
(Expert) 21 July 2014
it would not become lease merely because it is for 15 months .
T. Kalaiselvan, Advocate
(Expert) 23 July 2014
Yes it will be termed as lease agreement because it exceeded 11 months period.