Dear Lawyers,
I have a query regarding L & L which I hope you can help me with.
1. I am entering into L & L Agreement with Landlord for 11 months in the city of Pune. The license fee is Rs. 8000 per month.
2. Licensor suggested that if I am ready to pay the total license fee in advance then I need not pay any security deposit. I agreed to this condition.
3. He has asked me to pay 8000*12 = 96, 000
The way I am understanding these clauses is as follows:
3. The total period of license is 11 months which means I can stay in there for 11 months and then the 12th Month is treated as notice period for which I am paying the license fee in advance.
Kindly clarify if I am right or wrong.
Thanks in Advance,
-Habeeb