Leave and license agreement
Rishi Agrawal
(Querist) 01 June 2016
This query is : Resolved
I want to rent a property which has three owners, two of which reside outside India and have issued a Power of Attorney in favor of a person in India for the property (who is not the third owner of the property). The third joint owner of the property resides in India.
The owner in India claims that the agreement can be entered between us. (i.e. the owner in India and me) for renting of the property thereby, not mentioning anything about the other owners in the agreement (not even the Power of Attorney Holder).
Will this be a valid agreement? Also if the owner in India signs an indemnity bond for claims of other owners can this agreement be registered as the agreement is for a period of more than 11 months?
Also required format of Leave and License Agreement.
Adv. Yogen Kakade
(Expert) 11 June 2016
No, it shall not be valid agreement.
Formats and drafts are not provided here.
