Rent Agreement and Leave and Licence Agreement Differences

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RENT AGREEMENT AND LEAVE AND LICENCE AGREEMENT
DIFFERENCES
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INTRODUCTION
The arrangement between the landlord and the
tenant while renting a home can be formalised
using a variety of agreements. Two of the most
common arrangements are rent and leave and
licence agreements. Even though they may
initially seem to be equivalent, both landlords
and tenants need to be aware of these
considerable differences between them.
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A LEAVE AND LICENCE AGREEMENT IS WHAT?

• A leave and licence agreement, which is a legal
  contract, specifies the terms and conditions of a
  licensee's temporary possession of the property
  while paying the licensor a fee or rent. In this
  agreement, the real estate's owner (the
  "Licensor") grants a third party's ("licensee")
  permission to use or occupy the property for a
  specific amount of time, usually for a
  predetermined duration.

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WHAT DO YOU MEAN BY RENT AGREEMENT
A rental agreement, which must be signed by both
the owner and the tenant, enables the tenant to
rent a property from the owner for a specific
period of time. A rental agreement is a crucial
contract that helps both the tenant and the
landlord
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HOW DO YOU WRITE A RENT AND A LEAVE AND LICENCE
AGREEMENT?
The processes for creating a rent agreement,
leave and license agreement are as follows
For Rent Agreement Create a Rent Agreement with
the necessary details. Required a non-judicial
e-stamp paper
For Leave and License Agreement
Complete the relevant form, Then double-check the
information. Make the shipping address
public. Make the payments lastly, then relax.
according to your want. Register your agreement
with the notary public from the sub-register.
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HOW MUCH DO A RENTAL AGREEMENT AND A LEAVE AND
LICENCE AGREEMENT COST?
Both agreement papers vary in price depending on
the state. The costs charged vary between states.
which a citizen is required to pay. Even the
amount of stamp duty charged varies by state.
For instance, in states like Maharashtra, the
stamp duty is paid between Rs 100 and Rs 500,
and the stamp duty that a person is required to
pay starts at 101 in states like Haryana.
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HOW LONG MAY A HOUSE BE LEASED FOR?
The tenure period is irrelevant when a house or
other property is leased. A property can be
leased for one year, three years, ten years, or
twenty years. When you rent out a property for
an extended period of time, whether for
business or household use, a lease agreement is
created.
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THANK YOU