A leave and license agreement is a legal document that specifies the terms and conditions under which a property owner grants permission to an individual or entity to use their property for a specific period of time. In this agreement, the property owner is referred to as the licensor, while the individual or entity granted permission to use the property is referred to as the licensee.

Unlike a rental agreement, a leave and license agreement does not confer any tenancy rights on the licensee. This means that the licensee cannot claim ownership of the property or stay on the property after the agreed-upon period without the explicit consent of the licensor. Moreover, a leave and license agreement typically involves the use of a furnished property, as opposed to an unfurnished property that is typically associated with rental agreements.

The leave and license agreement is a useful instrument for individuals or entities that require the use of a property for a limited duration. For instance, a company that is setting up a temporary office in a new city may enter into a leave and license agreement with the owner of the property where the office will be located. Similarly, a student who is attending college in a different city may enter into a leave and license agreement with the owner of a furnished apartment for the duration of their course.

The terms of a leave and license agreement typically cover issues such as the duration of the agreement, the amount of rent to be paid by the licensee, the mode of payment, the security deposit requirements, the responsibilities of the licensor and licensee, and any special conditions that may be agreed upon by the parties. The agreement should also specify the consequences of any breach of the terms of the agreement by either party.

In conclusion, a leave and license agreement is a legal document that specifies the terms and conditions under which a property owner grants permission to an individual or entity to use their property for a specific period of time. It is a useful instrument for individuals or entities that require the use of a property for a limited duration, and it is important that the terms of the agreement are carefully considered and agreed upon by both the licensor and licensee.