Are you planning to rent out your property for a long-term period? If so, you may consider using a Leave and License Agreement format that covers an 11-month period.

A Leave and License Agreement is a legal document that outlines the terms and conditions between the licensor (property owner) and the licensee (tenant). The agreement grants the licensee temporary possession and use of the property for a specified period, while the licensor retains the ownership rights.

Here are some important points to consider when drafting an 11-month Leave and License Agreement:

1. Parties: The agreement should clearly mention the names and addresses of both the licensor and the licensee.

2. Property Description: It is essential to provide a detailed description of the property being rented out, including the address, area, and dimensions.

3. Rent and Security Deposit: The agreement should specify the rent amount agreed upon by both parties, along with the security deposit amount paid by the licensee.

4. Payment Terms: The agreement should mention the payment terms, including the due date, mode of payment, and late payment charges if any.

5. Maintenance Responsibilities: The agreement should specify who is responsible for the maintenance of the property and any repairs required during the tenancy.

6. Access to Property: The agreement should outline the access rights of the licensor to the property during the tenancy.

7. Termination Clause: The agreement should mention the circumstances under which either party can terminate the agreement and the notice period required.

8. Renewal Clause: If either party wishes to renew the agreement, it should be mentioned in the agreement, along with the terms and conditions.

9. Force Majeure Clause: The agreement should include a Force Majeure clause to cover unforeseeable circumstances that may impact the tenancy, such as natural disasters, pandemics, or government regulations.

10. Jurisdiction: The agreement should state the jurisdiction where any disputes will be settled.

11. Signatures: Finally, both parties must sign the agreement, and it should be attested by two witnesses.

In conclusion, an 11-month Leave and License Agreement is a crucial document when renting out a property for an extended period. It protects the interests of both parties and ensures a smooth tenancy experience. Therefore, it is essential to draft the agreement with care and attention to detail to avoid any legal disputes later.