Gst Clause In Leave And License Agreement

There is usually a clause in the agreement that the rent is revised upwards annually. An increase of 5% to 10% is normal, but depends on the price of the dominant market in your city. Ultimately, if the rent is not paid by the licensee, a credit can be issued, again, on the grounds that the premises were not occupied during the blackout period, so that the rental service was not provided at all. Property owners who have leased their commercial real estate under holiday licensing agreements are not exempt from this crisis. We have come across many cases where the tenant or licensee has asked the landlord or licensor to reduce the rental/license fee, or even waive the rent altogether. The agreement should mention the amount to be paid and the date on which it is to be paid.

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