Leasing out an accommodation or property has resulted to be beneficiary for both landlord and people taking it on rent as the property prices are reaching to the skies. For landlords, it has become an extra added monthly income while for tenants it has worked as the most affordable house instead of buying it on their own. Lease, and rent transactions have given rise to numerous disputes in the past and to save themselves from such disputes and situation both tenant as well as landlord prefers to have an agreement of lease or rent to legalize their terms and conditions. There are ways through which the property can be given out for temporary use to the tenants from landlords. Through a lease agreement, rental agreement and license agreement and they differ from each other in various aspects.The usual terms which are majorly involved in these lease and license agreements are lessor/licensor – a person who leases or lets a property to another, a landlord and lessee/licensee- a person who holds the lease for a particular period, a tenant.Lease agreementAccording to the section 105 of the Transfer of Property Act, a lease is defined as a transfer of a right to enjoy the property for a certain time expressed or implied in the agreement for a specified price paid by tenants for the specified time. A lease agreement is an agreement which defines that the property right has been transferred to the tenant to enjoy the property on specified rental value for the specific time period along with various clauses for the use of the property. Lease agreement provides full right to use the property to tenants for the defined period of time. Lease agreement sort of temporarily provides legal possession to the tenant.License AgreementAccording to the section 523 of the Indian Easement Act, 1882, license is defined as a right through which a person grants a person or to number of persons to do/use immovable property for specific use which cannot be done without such right for the property and any such use will be considered as unlawful. License agreement gives out constructive possessions to the licensee while the legal possession rights remains with the licensor. Leave or license agreement do not have any effect on the legal possession right of the owner of the property as they remain with the licensor but it gives right to licensee to use and occupy the property premises for a defined temporary period according to the license agreement.The right of termination of agreement lies with the landlord and to register or legalize the lease or license agreement it is necessary that specific amount of stamp duty must be paid to the registrar’s office. Registration of document puts the landlord on the stronger side if any disputes are raised in the future over the property in the transaction.People usually go for renting a residential or a commercial property as it seems to be easy way, but while renting a property it is very necessary that you must consult with a lawyer so that proper and suitable agreement can be done for the transaction to avoid future disputes and issues.займ на карту без отказов круглосуточновзять кредит онлайн