Rent Agreement vs Lease & License: Landlord should get this document made, not the rent agreement..

In metros like Delhi-Mumbai, you often hear news of disputes between landlords and tenants. Nowadays, many people also buy property to rent it out and make it a source of regular income. If the landlord lives in another city, then the possibility of disputes with the property increases further. The second thing is that most landlords feel that by getting a rent agreement, their ownership rights on the property are secured and the tenant will not be able to raise any dispute. But, we want to tell you that to avoid any such dispute, instead of the rent agreement, get another document made, which will make your ownership rights more secure.

We are talking about 'Lease and License'. This document is capable of completely protecting the interests of a landlord. Many people in cities have also started getting such documents made. This document has such provisions that the tenant does not get a chance to claim any kind of right on the property. It is not that getting it made is a difficult task. This paper is also made easily like a rent agreement or a lease deed. Property expert Pradeep Mishra has told the complete process of getting it made.

What is different from the rent agreement?
Pradeep Mishra says that this paper is also like a rent agreement, only some clauses are changed in it. Rent agreement is mostly made for residential areas or properties. Its duration is only 11 months. Talking about the lease agreement can also be made for more than 12 months. This paper is used for both residential and commercial properties, and its duration can be from 10 days to 10 years. You can get this document prepared only on stamp paper through a notary. However, if you want to get a lease agreement made for more than 10 or 12 years, then it will also have to be registered in the court.

Landlord's interest is protected
Whether you make a lease agreement or a lease and license, both these documents are meant to protect the landlord's interests. It is written in it that this property is being given to a certain tenant for residential or commercial use, the period of which can be from 10 days to 10 years. In the lease and license, the landlord is recorded as 'licensor' and the tenant as 'licensee'.

Why is the lease and license better?
Lease and license can be made for a period of 10 days to 10 years.

It is written in it that the tenant will not claim any right on the property in any form nor will he demand any rights.

If any of the parties to the lease dies, their heirs can continue it. This does not happen in a rent agreement.

Even if the tenant takes possession of the property, he will not have any legal rights.

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