A Leave and License Agreement is a legal document that outlines the terms and conditions under which a property owner (licensor) grants permission to another person or entity (licensee) to use and occupy the property for a specified period. This agreement is commonly used in India and is similar to a rental agreement or lease agreement in other jurisdictions.

Here are the key components typically found in a Leave and License Agreement:

1. Parties Involved: The agreement will identify the licensor (property owner) and the licensee (tenant or occupant) by their names and addresses.
2. Property Description: Details of the property being licensed, including the address, size, and any specific features or amenities, will be included.
3. Duration of License: The agreement will specify the period for which the licensee is permitted to occupy the property. This can be a fixed term (e.g., 12 months) or on a month-to-month basis.
4. Rent and Deposit: The agreement will state the amount of rent to be paid by the licensee to the licensor and the frequency of payments. It may also include provisions regarding a security deposit, which is typically refundable upon termination of the agreement.
5. Rights and Responsibilities: The rights and responsibilities of both parties will be outlined in the agreement. This may include obligations related to maintenance, repairs, utilities, and use of the property.
6. Termination Clause: Conditions under which the agreement can be terminated by either party, such as non-payment of rent, breach of terms, or expiration of the license period, will be specified.
7. Renewal and Extension: Provisions for renewal or extension of the license period, if applicable, may be included in the agreement.
8. Other Terms and Conditions: The agreement may contain additional terms and conditions agreed upon by the parties, such as restrictions on subletting, pet policies, or rules regarding noise and conduct.

Leave and License Agreements are typically used for temporary occupancy arrangements and provide more flexibility to the licensor compared to traditional lease agreements. Unlike leases, which grant tenants certain statutory rights, licenses give occupants fewer legal protections and can be more easily terminated by the licensor. Therefore, it's essential for both parties to carefully review and understand the terms of the agreement before signing. Additionally, Leave and License Agreements are often required to be registered with the appropriate government authority in India for legal validity.