Leave and license agreement for more than 5 years
sugandh
(Querist) 07 September 2015
This query is : Resolved
Dear Sir/ Madam,
In Leave and License agreement in Mumbai, can Licensor give his flat on leave and license basis for more than 5 years to the same Licensee. However to count 5 years, Licensor renew his agreement with the licensee every/ twice a year (It means not straight for 5 years)?
Kindly opine on the same.
Thanks & Regards,
Hemant Agarwal
(Expert) 10 September 2015
1. There is no restriction on number of years, under the contract act, for lease agreements.
2. The limitation period shall start afresh with each lease agreement, without any reference to the earlier lapsed lease agreement.
Keep Smiling .... Hemant Agarwal
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Rajendra K Goyal
(Expert) 11 September 2015
Well advised, agree with the expert Hemant Agarwal.
