Leave & License vs. Rent Agreement | Which is Right for You? |Property Mishra Show
Leave & License Agreements and Rent Agreements represent distinct legal arrangements governing the occupancy of a property. In a Leave & License Agreement, the landlord grants temporary permission to occupy the premises to the licensee, without transferring any ownership rights. This arrangement is suitable for short-term stays, offering flexibility in renewal and termination terms. Conversely, Rent Agreements establish a more substantial tenancy, wherein the tenant gains exclusive possession and usage rights for a defined period, while the ownership remains with the landlord. These agreements are typically long-term and provide greater legal protection and stability. Understanding the nuances between these two agreements is essential for anyone seeking to lease or rent property, ensuring that the chosen arrangement aligns with their specific needs and complies with relevant legal requirements
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