Legaljini

Leave and License agreement for commercial purpose of hotel

This agreement is made when one party leases his land to a hotel owner for operating his hotel business activities. Any person can give his/her/their property on rent to any person/firm/company on Leave and License basis for a temporary period either for residential use or business purpose, on certain terms and conditions. This agreement is made by the licensor in favor of licensee for leasing his land to licensee who is a hotel owner for operating his hotel business activities.

₹ 775.00

1

What is a lease agreement?

Ans.

Lease is a transfer of property with a right to the transferee to enjoy the same, for a fixed period or even in perpetuity in consideration of some price or premium or in consideration of the payment of rent.

2

Can a lease be renewed?

Ans.

Yes. Lease can be renewed either under the option to renew given by the lease deed or by mutual consent after the period of the lease has expired or it is determined earlier. But such a renewal can be affected only by a fresh deed of lease whether the terms of the new lease are the same or not.

3

Does lease need to be registered?

Ans.

Yes. An agreement of lease (with possession) and a lease for a period of 1 year or more has to be compulsorily registered. An agreement to lease (without possession) is not required to be registered. Lease of more than one year, assignment of lease, surrender of lease & sub-lease are all required to be registered.

4

What is surrender of lease?

Ans.

It is a voluntary act of the parties whereby with the landlord’s consent the tenant surrenders his lease to the landlord so that the lease merges with the reversion & is thus brought to an end.

5

What is deed of sub lease?

Ans.

Lessee can create sub lease of his interest in the property by subletting the property either for whole or remaining term or for any shorter period. Sub lease can also be created for a part of the demised property.

 

STEP 1

Fill in the blank spaces. Delete instructions highlighted in grey.

Fill in the blank spaces. Delete instructions highlighted in grey. E.g. Name, address, date etc.

 

 

 

STEP 2

Alternations: 

Add or delete a clause according to your needs. Re-check the document.

 

 

 

STEP 3

Stamp Paper

The Stamp Duty value will be made available to you at your legaljini account on purchase of the document.

 

Stamp Duty Payment option 1

If you wish to print Agreement on Stamp Paper, you can buy from court/ Stamp office and said Stamp paper will be used as 1st page of Agreement. If you wish to have 2 copies of Agreement you should buy 2 Stamp Papers (one Stamp Paper for each copy)

 

Stamp Duty Payment option 2

If you have facility of franking for Stamp Duty payment at nearest bank, you need to print the Agreement & get franking done. If you wish to have 2 copies of Agreement you should frank 2 copies (one copy for each party)

 

 

 

 

Ledger Paper

The rest of the document must be printed on SINGLE SIDES OF A SHEET of Ledger Paper

 

Available at:

This Legal Size Green Paper is available at any stationery shop.

 

 

 

STEP 4

Printing on Legal Paper:

 

 

On Stamp Paper

Print ONLY on the blank portion of the stamp paper.

 

On Ledger Paper

Print on a SINGLE SIDE of a sheet of Ledger Paper.

 

 

 

STEP 5

Number of Copies Needed:

Generally it is made two copies (one copy for each party)

 

 

 

STEP 6

Photographs & Signatures/ Thumb Impression & Initials:

The concerned parties should sign, or affix their mark and recent passport size photograph against their names on the last page of the document. This document must initialed or marked by the concerned parties at the end of every page. In addition or corrections/ alterations made after printing must be initialed.

 

 

 

STEP 7

Witness Attestation (Both Parties):

This document must be attested by at least two witnesses from both sides.

 

 

 

STEP 8

Registration/ Notary

Registration or Notary is mandatory for some documents. If you need clarification you may contact our Helpline at support@legaljini.com 

 

 

Please contact the nearest Sub Registrar office for registration of this document.

 

 

 

You Need to Know:

As per recent orders Police NOC is required to obtain from the police under whose jurisdiction the property to be licensed is situated.

 

 

 

Please contact our Helpline if you have any difficulty.