Question

With regard to negotiations, compare and contrast the goals and objectives of the landlord with the goals and objectives of the tenant. Evaluate the property-type issues that landlords must consider when negotiating a lease.

Answer 1

Following are the property type issue that a landlord must consider while negotiating a lease with tenant.

1) Period: That the Licensor hereby grants to the Licensees herein a revocable leave and license,

to occupy the Licensed Premises, described in Schedule I hereunder written without creating any

tenancy rights or any other rights, title and interest in favour of the Licensees for a period of 11

Months commencing from DD/MM/YYYY and ending on DD/MM/YYYY

2) License Fee & Deposit:That the Licensees shall pay to the Licensor License fee at the rate of

$XXXX per month towards the compensation and

$XXXX interest free refundable deposit, for the use of the said

Licensed premises. The amount of monthly compensation License fee shall be payable within first

five days of the concerned month of Leave and License.

3) Payment of Deposit: That the Licensees has paid / shall pay the above mentioned

deposit/premium as mentioned above by Cash /Cheque Amount $XXXX

4) Maintenance Charges: That the all outgoings including all rates, taxes, levies, assessment,

maintenance charges, non occupancy charges, etc. in respect of the said premises shall be paid

by the Licensor.

5) Electricity Charges: The licensee herein shall pay the electricity bills directly for energy

consumed on the licensed premises and should submit original receipts to Licensor indicating that

the electricity bills are paid.

6) Use: That the Licensed premises shall only be used by the Licensees for Residential

purpose.The Licensees shall maintain the said premises in its existing condition and damage, if

any, caused to the said premises, the same shall be repaired by the Licensees at its own cost

subject to normal wear and tear. The Licensees shall not do anything in the said premises which is

or is likely to cause a nuisance to the other occupants of the said building or to the prejudice in any

manner to the rights of Licensor in respect of said premises or shall not do any unlawful activities

prohibited by State or Central Government .

7) Alteration: That the Licensees shall not make or permit to do any alteration or addition to the

construction or arrangements (internal or external) to the Licensed premises without previous

consent in writing from the Licensor.

8) No Tenancy: That the Licensees shall not claim any tenancy right and shall not have any right

to transfer, assign, and sublet or grant any license or sub-license in respect of the Licensed

Premises or any part thereof and also shall not mortgage or raise any loan against the said

premises.

9) Inspection: That, the Licensor shall on reasonable notice given by the Licensor to the

Licensees shall have a right of access either by himself / herself / themselves or through

authorized representative to enter, view and inspect the Licensed premises at reasonable intervals.

10) Cancellation: That, Subject to the condition of lock in period (if any), if the Licensees commit

default in regular and punctual payments of monthly compensation as herein before mentioned or

commit/s breach of any of the terms, covenants and conditions of this agreement or if any

legislation prohibiting the Leave and License is imposed, the Licensor shall be entitled to revoke

and / or cancel the License hereby granted, by giving notice in writing of one month and the

Licensees too will have the right to vacate the said premises by giving a notice in writing of one

month to the Licensor as mentioned earlier.

11) Possession: That the immediately at on the expiration or termination or cancellation of this

agreement the Licensees shall vacate the said premises without delay with all her goods and

belongings. In the event of the Licensees failing and / or neglecting to remove themselves and / or

her articles from the said premises on expiry or sooner determination of this Agreement ,the

Licensor shall be entitled to recover damages at the rate of double the daily amount of

compensation per day and or alternatively the Licensor shall be entitled to remove the Licensees

and her belongings from the Licensed premises, without recourse to the Court of Law

Then it should be registered as per law.