I would like to know can a Leave and License agreement be made for more than 11 months or at least automatic renewable upon expiry of each 11 months, unless either party terminate the same ? Thanks Kartik Tiwari
I think its always best to make Leave & License Agreement for 11 months and add a clause that the same can be renewed for similar period with mutual consent or subject to written approval of Lisensor. But we are hearing a news that the Govt of Maharashtra is trying to amend the fixed stamp duty for Leave & License Agreement to make it even higher like a Flat Purchase Agreement. That way even renting a flat for need ones will become a dear dream for both the Licenssor and the Licensee.