As there is no concept of vacation and license in WB is the same as s leasing only and after the expiry of the lease, you can file a cease and deseating action that would be managed by WBPT Act or TP Act according to the amount of rent. The unreged lease cannot be obtained in court. (d) The amount of stamp duty is higher for a lease than for a leave and licensing agreement. However, for a period of more than three years, the stamp duty payable is the same for both. c) A licensing agreement is easier to terminate than a lease. Licensing agreements can be entered into, leases are generally not concluded. Leave and the license gives only a license for a specified period after the licensee must leave. it does not give the right to live there at the end of the licence term. The terms of the lease must be carefully defined so that they do not pose a problem at a later stage. What is the difference between the lease and licence agreement? e) In the case of a rental agreement, if the contract is for less than 12 months, it is not mandatory to register.
However, a lease of 12 months and beyond must be registered. In many countries, a licensing agreement does not need to be registered. Most leases are signed for 11 months, so they can avoid stamp duty and other fees 1. There is no interest in a holiday and licensing contract for the licensee. At the expiry of the licence, the licensee must evacuate the premises, while a lease agreement is a transfer of an interest in a particular property to the benefit of the purchaser. Most leases are signed for 11 months so they can avoid stamp duty and other fees. Under the Registration Act of 1908, registration of a lease is mandatory if the tenancy period is more than 12 months. If an agreement is registered, stamp duty and registration tax must be paid. For example, in Delhi, for a lease of up to five years, stamp paper costs 2% of the total annual rent of one year. Add a flat fee of Rs100 if a security deposit is part of the agreement. For a lease of more than 5 years but less than 10 years, it represents 3% of the value of the average annual rent for a year.