A leave and license agreement is an instrument/agreement allowing a person to temporarily occupy and use immovable property for carrying on business activities or for residential purposes. In leave and license agreement, there is no transfer of interest in property from owner to the tenant as in case of a Lease Agreement. This Agreement makes eviction easier and provides landlord with more power and control.
Parties in a Leave and License Agreement
Licensor- who gives the License (owner of the property)
Licensee- to whom license is granted