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Leave and License Agreement
A leave and license agreement or a leave licence agreement is a legal instrument that allows one party to allow another to use their immovable assets, such as property, for a fixed length of time without changing the asset’s ownership.
In India, landlords and renters frequently employ leave and license agreements, particularly in the rental housing sector. However, in the commercial real estate sector, lease agreements are more typical. Leave and license agreement charges are payable as per the rules of the government.
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