Leave & license agreement

MOTILAL JHALANI (Querist) 03 December 2016 This query is : Resolved
Sir,
I have one flat at Thane District of Maharashtra. I want to give the flat on the Leave & License basis. Please reply me on the following points:-

1) Is leave & License agreement mandatory to be registered in Maharashtra for the flat having monthly fee of below Rs.5000/-?.

2)If the Leave & License agreement is not registered for fee below Rs.5000/- and the agreement is notarized than what will be the effect of the same.?. Will it be a void or valid agreement ?.

Please guide me in the matter.

Thanking you,

With Regards,

Motilal Jhalani

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Dr J C Vashista (Expert) 04 December 2016
@ Motilal Jhalani,

Amount of L & L is immaterial, rather period of L&L for 1 year and above require compulsory registration. However, check with a local lawyer/sub-registrar.

Q 2 is an examination paper which can be replied by candidate/examinee.