You can ask the current owner to obtain the transfer of the vacation and license agreement on your behalf on the day of registration in the presence of the holder of the vacation and license agreement who left the holder of the leave and license contract to sign the contracts on your behalf as the owner of the property. Once the prohibition period is over, ask the previous owner to terminate the vacation and license agreement. You have registered the deed of sale in your name. And later, the holidays and the license agreement with you. 2.4 A common misunderstanding among many people is that a leave and a licence can only be for 11 months. A leave and licensing agreement is an agreement by which the licensee temporarily authorizes the donor to exploit and occupy all or part of the donor`s property for the purpose of carrying out a commercial activity or use of the dwelling. To do this, the licensee is paid by the licensee a fixed amount, also known as rent. Leave and licence are generally granted to the licensee for a period of 11 months. The contract must be registered in the for sub-register (where the property is located). Without checking the Grement, it is difficult to answer. Although the property is on leave and under a license agreement, the owner still has title to the property.
If the lease is still in place, you will be required to respect it. The vacation and licensing agreement gives the tenant less leeway. This agreement gives permission to stay on the premises for the duration of the agreement, without granting a share or interest to the licensee. Thus, you can continue the purchase if the owner has a clearly marketable title. 2.1 There is no legal definition of leave and licence. The first relevant law for leave and a licence was the Indian Easements Act of 1882. Page 52 of the Act, a licence defines a licence as a right that a person grants to another person to do something on or on the land of the installation company that would be illegal in the absence of such a right. In addition, a license should not be a relief or an interest in the property. A license is therefore only an authorization or a right to do something about a property. It is exclusively a personal right or privilege granted to the licensee by the licensee.
A license does not give any interest to the property. Unlike a tenancy agreement, the lease and licence agreement does not give the tenant the right to enjoy the property. This is a licence that the owner has granted to the licensee in order to use the property for a specified period of time, subject to certain conditions, without establishing an agreement between the landlord and the tenant. For the duration of the contract, the right of ownership is retained by the owner. By definition, it is a document that gives someone the right to do something in a property or to continue to do it. There is no transfer of real estate, but only the right to enjoy a short-term property, while the owner maintains full interest. Leave and License Agreement is a document authorizing the licensee to fill the licensee`s property. Therefore, occupancy is granted on the basis of leave and licences and not on the basis of rent. Such an agreement facilitates expulsion and is usually for more power. For further care, scan the holiday and the license agreement to see if there is a clause preventing the seller from selling the property while the holiday and licensing contract is operating. You can enter into a new contract with the tenant for the remaining period from the date of your registered sale date. And that`s how the Leave and License Agreement comes in.
This agreement, often used to replace the good old lease, is now widely used in cities such as Bombay. Holidays and licensing agreement is a safer option for the owner, say experts. The seller must formally inform the tenant of this new tenancy agreement and ask the tenant to continue the lease with the new landlord until it expires and the future rents to be paid immediately to the buyer and to recover the amount of the advance from the new purchaser.