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1. Parties: Identification and details of the Licensor and Licensee, including full names, addresses, and contact information
2. Background: Brief context about the property and the parties' intention to enter into a rental arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Complete description of the licensed premises including address and specific areas covered
5. Term and Renewal: Duration of the license, commencement date, and renewal terms
6. License Fee and Payment Terms: Amount of rent, payment schedule, mode of payment, and late payment consequences
7. Security Deposit: Amount, payment terms, conditions for refund, and deductions
8. Utilities and Maintenance: Responsibility for utility payments, maintenance obligations of both parties
9. Permitted Use: Specified purpose for which the property can be used
10. Licensee's Obligations: Key responsibilities and restrictions on the licensee
11. Licensor's Obligations: Key responsibilities and commitments of the licensor
12. Termination: Grounds for termination, notice periods, and consequences
13. Return of Property: Conditions for property handover at the end of the term
14. Governing Law: Specification of Indian law as governing law and jurisdiction
15. Notices: Process and addresses for serving official notices
16. Execution: Signature blocks and witness details
1. Lock-in Period: Defines minimum commitment period, used when parties want to ensure stability
2. Fit-out Works: Terms for any modifications or improvements, relevant for commercial properties
3. Sub-licensing: Terms regarding sub-licensing rights, if permitted
4. Insurance: Insurance requirements, particularly relevant for commercial properties
5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID
6. GST Compliance: Required for commercial rentals where GST is applicable
7. Parking Rights: Details of parking arrangements if relevant to the property
8. Building Rules: Reference to society/building regulations, relevant for apartments
1. Schedule 1 - Property Description: Detailed description of the property including floor plan and boundaries
2. Schedule 2 - Inventory List: List of furniture, fixtures, and fittings provided with the property
3. Schedule 3 - Payment Schedule: Detailed breakdown of all payments including rent escalation schedule
4. Schedule 4 - House Rules: Specific rules and regulations regarding property usage
5. Appendix A - Property Photographs: Documentation of property condition at time of handover
6. Appendix B - Required Documents: Copies of necessary ID proofs, ownership documents, and other required certificates
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