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I am going to enter into an agreement with a person to run a guest house in my home for a long-term lease, like a 10-year agreement. Can someone explain how I can protect my property from being sold or transferred to a third party by the tenant in a leave and license agreement? What clauses should I include in the agreement if I want my property back from the tenant before the agreement ends? How can I take back my property without any difficulty in a leave and license agreement?
Sir, to protect your property in a leave and license agreement, include clauses for non-transferability to prevent sale or transfer, right to terminate if the tenant breaches terms, re-entry for possession if the tenant defaults, inspection rights with notice, and an exit clause which allows early termination. It is advised to consult an expert lawyer to ensure legal compliance and proper protection. For further legal assistance contact us on our helpline number.