Execution of lease

Company Secretary

Dear All,
 
We have two group companies say Company A & Company B. We are executing a letter and not a leave and license agreement whereby company A agrees to give on lease its certain premises to Company B on the following terms:
 
1. Security Deposit: Rs. _________
2. Monthly Rent:     Rs. _________
3. Period of Lease:  11 months
 
My query is whether the above transaction is valid. Whether the above arrangement can be executed without preparing a leave and license agreement and without payment of stamp duty.
 
Thanks & Regards,
Shreya Shah


 

 
Reply   
 
Service

you have not mentioned location of property.

Title of document is immaterial to determine nature of trasaction whether its lease or license. Its depend on the terms and intention of the parties reduced in writing.

Lease or Leave and license is liable for stamp duty seprately as per the provision of the stamp act of state.

Although its simple letter, its lease or license depending upon the terms and circumstances.

Suresh

 

 

 
Reply   
 


LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  



 

Search Forum:








×

  LAWyersclubindia Menu