About Lease and License Agreement
A Lease and License Agreement is a month to month agreement. It is a tenancy of a short period usually of 11 months. For these monthly rental are charged by the landlord and the tenant pays it according to said terms of the agreement.
Advantages of Lease and License Agreement:
Securing Unpredicted expenses: A Lease and License Agreement is an agreement that benefits both the landlord as well as the tenant by securing the unpredicted expenses.
Good Relations: Through Lease and License Agreement, there develops a good relation between the landlord and the tenant as the rights and obligations are streamlined and precisely defined among the parties.
Provides Legal Protection: There is always required a legal document if the value of assets involved is high. Therefore it serves as a legal protection in the form of Lease and License Agreement.
Procedure:
A well efficient lawyer from our team shall contact you, and explain you the total process, and will understand the need of Lease and License Agreement.
Once the objectives of the Lease and License Agreement are clear, the lawyer shall draft a Lease and License Agreement accordingly.
The draft of Lease and License Agreementshall be sent to you, for your review.
Once you approve it, it shall be served to the other party.
The whole process takes around 3-4 working days.