Leave And License Agreement To A Company For Residence Of Its Officers - Legal Draft

This Agreement is made at ... this

... day of ... between Mr. A hereinafter referred to as 'the Licensor' of the

One Part and M/s. ABC & Co. Ltd., a Company registered under the Companies

Act, 1956 and having its registered Office at ... hereinafter referred to as

the 'Licensee' of the Other Part, as follows-Whereas the Licensor is the owner of a

Residential Flat No... on the ... floor in the building known as ... and

situate at ... bearing Survey No... which, building with the land attached

thereto belongs to ... Co-operative Housing Society Ltd., and which Is situate

at ...And Whereas the said Flat has a carpet of...

sq. ft. and has ... rooms besides toilet rooms, kitchen, and balconies. It

belongs to and is in possession of the Licensor as a member of the said

society.And Whereas the said Flat Is at present not

required by the Licensor as he has been transferred to ... by his employer.And Whereas the Licensor has agreed to grant

leave and license to the Licensee for the occupation and use of the said Flat

by its one or the other officer on the following terms and conditions agreed to

Between The Parties Hereto.Now It Is Agreed By And Between The Parties

Hereto As Follows:-1. The Licensor hereby

grants leave and license to the Licensee to occupy and use the said Flat

(hereinafter referred to as the Licensed Premises) for a period of three years

from the date hereof for the residence of any one Officer of the Licensee

alongwith his family members and for no other purpose.2. The Licensee will

Intimate In writing to the Licensor the name and designation of the Officer who

is allotted the said Flat and also the names of members of his family who will

be occupying the said premises alongwith that officer.3. The Licensee shall

pay to the Licensor a sum of Rs... per month (calculated at the rate of Rs...

per sq. ft.) as License fee or compensation to be paid in advance for each

month on or before the ... day of each month.4. All the Municipal taxes

and other taxes and levies in respect of the Licensed premises will he paid by

the Licensor alone.5. The electric charges

and water charges for the Licensee to the authorities concerned and the

Licensor will pay electric and water consumption in the said Licensed Premises

will not be responsible for the same. For the sake of convenience separate

electric and water meters if possible will be provided in the said premises.

The maintenance charges payable to the said Co-operative Society by the

Licensor will be payable by the Licensee through the Licensor or direct to the

Society but for and on behalf of the licensor. The said charges will be

exclusive of the monthly compensation payable by the Licensee as aforesaid.6. The Licensee or its

Officer occupying the said premises will be allowed to use the open space No...

under the stilts of the said building for parking one car only during the

period of the License and no separate compensation will be payable for the

same. The said parking space will be deemed to be a part of the Licensed

premises.7. The Licensed premises

will be used only for residence of the Officer of the Licensee and for no other

purpose.8. The Licensed Premises

have normal electricity fittings and fixtures. The Licensee or Its officer

shall not put up any additional fittings and fixtures and no other changes, by

way of additions or alterations will be made to or in the said Licensed

Premises.9. The Licensed Premises

are given to the Licensee on personal basis and the Licensee or its officer

occupying the same will not be entitled to transfer the benefit of this

agreement to anybody else or will not be entitled to allow anybody else to

occupy the premises or any part thereof. Nothing In this agreement shall be

deemed to grant a lease or tenancy, and the Licensee agrees and undertakes that

the Licensee shall take up no such contention at any time.10. The Licensee shall

not 6e deemed to be in the exclusive possession of the Licensed premises and

the Licensor will have the right to enter upon the premises at any time during

working day hours to inspect the premises. The juridical possession shall be

deemed to be with the Licensor.11. The Licensee shall

maintain the licensed premises in good condition and will not cause any damage

thereto. If any damage is caused to the premises or any part thereof by the

Licensee or its employees, servants or agents, the same will be made good by

the Licensee at Its cost either by rectifying the damage or by paying cash

compensation as may be deter- mined by the Licensor's Architect.12. The Licensee or the

Officers occupying the same shall not cause any nuisance or annoyance to the

people in the neighbourhood or store any hazardous goods on the premises or

near about and shall not do any act which would be a breach of the bye-laws of

the said society.13. If the Licensee

commits a breach of any term of this agreement then notwithstanding anything

herein contained the Licensor will be entitled to terminate this agreement by

fifteen days prior notice to the Licensee. Any act of commission or omission

committed by the Officer of the Licensee occupying the Licensed Premises will

be deemed to be an act of omission or commission of the Licensee.14. On the expiration of

the said term or period of the License or earlier termination thereof, the

Licensee shall hand over vacant and peaceful possession of the Licensed

Premises to the Licensor in the same condition In which the premises now exist

subject to normal wear and tear. The Licensee or its Officer remaining in

occupation of the premises after such termination will be deemed to be an act

of trespass.15. If the Officer of the

Licensee occupying the said Licensed Premises under this agreement, ceases to

be the Officer of the Licensee for any reason whatsoever, the Licensee shall

take steps to immediately remove him from the said premises. As a security for

the said assurance or obligation of the Licensee, as well as a security for the

performance and observance of the terms and conditions of this agreement, the

Licensee has deposited with the Licensor a sum of Rs... without interest. If

the Licensee commits breach of any term or condition of this agreement and this

agreement and the license hereby granted are terminated by the Licensor, the

said deposit will stand forfeited to the Licensor. without prejudice to the

other rights of the Licensor under this agreement or In law and without the

Licensee being absolved of his obligations under this agreement. If. however,

this agreement is terminated without any default on the part of the Licensee,

its servants and agents or by the efflux of time, the said deposit will be

refunded to the Licensee on such termination forthwith.16. This agreement will

also stand terminated on the Licensee going into liquidation voluntarily or

through Court.IN WITNESS WHEREOF the parties hereto have

put their hands the day and year first hereinabove written.Signed by the withinnamed Licensor Shri A,in the presence of ... ... ...Signed by the withinnamed Licensee M/s. ABC

& Co. Ltd.by Its Managing Director, duly authorised in

thatbehalf, in the presence of