An Agreement of Leave and License is a legal document that outlines the terms and conditions of a rental agreement between the owner of a property (the licensor) and the tenant (the licensee) for a specific period of time. It is generally used for commercial properties or for residential properties where the owner wants to retain control over the property and retain the right to terminate the agreement.

The agreement typically includes details such as the property address, the term of the agreement, the rent amount and the security deposit, the rights and responsibilities of the owner and the tenant, the restrictions on the use of the property, the terms of renewal, and the notice period for termination.

The key points that are typically included in an Agreement of Leave and License are:

• The details of the property, including the address and the description of the property
• The term of the agreement (start and end date)
• The rent amount, the security deposit, and the mode of payment
• The rights and responsibilities of the owner and the tenant
• The restrictions on the use of the property
• The terms of renewal or termination
• The notice period for termination
• The signature of the owner and the tenant
• The date of the agreement

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