1. Both the lease and the lease are identical and the nomenclature does not result in any changes. Answer below is related to a business under Proprietorship Firm: For the exercise of business in place of the owner of the premises – You can conclude in any contract, but the better you will get the registered agreement so that it is legally valid and enforceable. IT MUST be a registered contract – pay the correct stamp duty and register the contract and keep your interests secure and protected. c) A licensing agreement is easier to terminate than a lease. Licensing agreements can be entered into, leases are generally not concluded. For this business transaction, see a registered lease agreement required, because the time is longer, a lease/agreement contract must be registered with the sub-registration body with the payment of stamp duty and registration fees. 1) Is the management agreement sufficient to do? The benefits of the leave and the licensing agreement from the owner`s point of view are: 4. Consult a lawyer when developing the contract. – Under the Registration Act, registration of leases is mandatory if the rental period is 12 months or more. Therefore, if a commercial contract, which is essentially a leave and licence, is signed between a landowner and a conservator and is not registered, the parties may not be able to assert rights in the contract. If there is an argument and the owner wants to evict the tenant of the restaurant, he is facing extreme difficulties because his agreement is not worthy of proof. It is therefore extremely important that property owners enter into unregistered commercial agreements and simply execute a registered vacation and licence agreement to lease premises to a restaurant for operation.
See in principle as such there is no difference, it depends on the clause and content of the contract, although the tenancy agreement are longer and fixed term contract passed by the contract, while the rent is monthly and rent control laws and related law also apply. a) The law creates a holiday and license contract is not a property look…. Everything that has been done orally between you and the tenant, have everything mentioned in the agreement registered and will be renewed regularly in the future.