leave and license
anish
(Querist) 17 May 2009
This query is : Resolved
i entered a leave and license agreement for residential premises with a limited company for three years. there was a lock in period of three years on the part of company.therefore there is no mention of notice period. however in the previous agreement before this notice period was three years. the agreement has expired on 30 april 2009. on 30 april licensee said they will give possession on 31 may. my contention is that if they donot give possession on time then reasonable notice period of three months is applicable and they should give license fees for three months. what is legal status? if they donot renew agreement can i ask for compensation and insist for renewal at same terms? the company is in gujarat and is listed public co. having no protection under rent act.
adv. rajeev ( rajoo )
(Expert) 18 May 2009
Dear Anish,
When there is a condition of 3 years company has to cacate the premises. If the company didn't vacate the premises on 31st of may then u will have to issue notice u/s 108 of Transfer of Property act is necessary. U can claim the license fees.
