Document background
The Lifetime Lease Agreement is a specialized legal instrument used in India when parties intend to create a permanent leasehold arrangement lasting for the tenant's lifetime. This document is particularly relevant in situations involving long-term property arrangements, such as retirement homes, family settlements, or charitable institutions. It must comply with various Indian legislations, including the Transfer of Property Act, Registration Act, and state-specific property laws. The agreement typically includes comprehensive provisions for property maintenance, succession rights, dispute resolution, and specific conditions for termination. Given its perpetual nature, it requires careful drafting to address future contingencies and protect both parties' interests. This type of agreement is commonly used in family arrangements, religious endowments, educational institutions, and situations where permanent occupation rights are intended to be granted while retaining underlying ownership.
