4. DEDUCTION OF BUSINESS INCOME: For the authentic deduction of business income, the auditor/CA can request vacation and a license agreement. The holiday and license agreement mentions a specific clause regarding rent, so it will help you in case of deduction of rent from the company`s income. Many licensors mistakenly assume that it is necessary to sign a vacation and licensing agreement to provide them with legal protection. Others have the contract approved by a notary. That is not enough from a legal point of view. Registration of an approval and licensing agreement is mandatory (section 17 of the Registration Act 1908). The agreement must be registered with the Sub-Registrar`s office. When registering the agreement, the signatures of two witnesses are required. Read more about how landlords can use licenses instead of leases here For a number of its buildings, it has introduced a new type of office space for small tenants who need smaller spaces.
According to his design, a tenant would have a specific office and would share a photocopier, fax machine, kitchen, and conference rooms. Furniture, carpets, phones, computers and coffee would be provided by the owner. The rooms would be pre-built. The tenant would only have to bring a pencil to be able to work. The Advocate General asked whether it was possible to use a license agreement in which he could change the locks or, in this case, turn off the key cards in the event of a tenant`s default. Our firm`s mission was to draft an enforceable license agreement that provides for self-help without having to resort to litigation. This article explains the license agreement, its limits, and its powers. It also dissects and explains when and how to use a license agreement, and the ability to properly perform self-help. e) If the lawyer wants to sign, it must be seen if he only has the right to sign the contract, or if he acts as a representative of the owner/licensor and as such is entitled to accept/collect the license fee as well.
The legal relationship established by a rental agreement between the owner-owner and a tenant is completely different from the legal relationship established by a license between the owner-licensor and a licensee. 9. The lock key for the main entrance of the rented premises remains with the Licensor and the Licensor may keep the key to the lock of the Licensed Premises with it, including the double key remaining with the Licensee. A licensee is a person who has a permit to occupy a room or house. They are not protected by the laws that protect tenants, but they may have a contract that gives them additional rights. It is the duty of the system to create fear and panic in the mind of the tenant to give the property after expiration .and the license fee in time everyone humanity is towards the tenant only while what about the landlord he is not a human being and must finally curse the day he gave his place on the rent. On L L too. The owner in India is treated as an animal that could be brought to walk anywhere and anywhere without expecting the status of an owner 2) Clarity: There is clarity between the parties to understand the terms of the agreement. – The power of the licensor to reach an agreement must be seen. The licensor may enter into the contract as the owner or as a completely legal person on behalf of the owner. What happens if the owner does not want to transfer the interest on the property to his employer? What happens if the employer refuses to leave? Indian law states that as long as the employer is familiar with paying taxes and other fees, you cannot fire them for a period of 5 years unless they have done something in breach of contract. 14.
If licensee breaches any provision of this Agreement, Licensor has the right, notwithstanding the provisions contained herein, to terminate this Agreement with fifteen days` notice to Licensee. The definition of various criteria of residence and place of business in the holiday and license contract amounts to playing with the feelings of emotion confidence of the owner. A law is an act and the law is a law that applies to all kinds of places that distinguish between the two, is the fault of the system, and in this case, the vital statistics office should not accept it, and it is clearly the government`s duty to let people know if and but is the law, because people believe that the act and give their commercial place is not a roadside slum in which it places the construction and especially, if it is the case, then the lawyer and the registry office that registers it are punishable and the lawyer too, because cheating by the lawyer is also a criminal offense 8. The licensee, his servants, agents and visitors have from the main entrance rented premises only during office hours, that is, from. (a.m. to. P.m. except public holidays. The Licensee may only keep its office open outside office hours or on public holidays with the consent of the Licensor in a particular case.
4. The electricity and water costs for the consumption of electricity and water in such Licensed Premises shall be divided and paid separately by licensee to Licensor and shall bear the same share of the total costs to be paid by Licensor, which shall be borne by the area of the Licensed Premises, in relation to the total area of premises leased by Licensor. .