A leave and license agreement is a legally binding document that is signed between a landlord and a tenant for the purpose of renting out a residential flat. The agreement lays down various terms and conditions that govern the rental of the property, including the rent amount, security deposit, duration of the lease, and maintenance responsibilities.

A leave and license agreement is different from a lease agreement in that it is temporary and does not give the tenant any ownership rights over the property. The tenant is merely given the right to occupy the property for a specific period of time, subject to the terms and conditions of the agreement.

Before signing a leave and license agreement, it is important to understand the various clauses that are included in the document. Below are some of the key provisions that are commonly found in a leave and license agreement for a residential flat:

1. Rent amount: The agreement should clearly state the rent amount that the tenant is expected to pay and the frequency of payment. It should also mention the date by which the rent is due each month.

2. Security deposit: The agreement should specify the amount of security deposit that the tenant is required to pay at the time of signing the agreement. The deposit is usually refunded at the end of the tenancy period, subject to deductions for any damages caused by the tenant.

3. Duration of the lease: The agreement should clearly state the duration of the tenancy period, including the start and end dates. If the tenant wishes to extend the lease, they may have to sign a new agreement or pay an additional fee.

4. Maintenance responsibilities: The agreement should mention the responsibilities of the landlord and tenant with regard to maintaining the property. The landlord is usually responsible for major repairs and renovations, while the tenant is responsible for day-to-day maintenance such as cleaning and upkeep.

5. Termination clause: The agreement should specify the circumstances under which the agreement can be terminated, such as non-payment of rent or violation of the terms of the agreement. It should also provide for a notice period that the landlord must give before terminating the agreement.

In summary, a leave and license agreement is an important document that governs the rental of a residential flat. It is important to read and understand the terms and conditions of the agreement before signing it, and to seek legal advice if necessary. By doing so, both the landlord and tenant can protect their interests and avoid any misunderstandings or disputes in the future.