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
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.
Rajendra K Goyal
(Expert) 04 December 2016
Local rules applicable, discuss with local lawyer.