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- Rent Leave and license agreement query
I have a query reg. Leave and License agreement. I am negotiating with a financial institution in Mumbai for my premises. They have offered a decent mkt rate but the escalation per annum is only 5% and they have the option to renew at the same rate after 5 years (a term of 5 yrs will be defined for Leave and License). Also the right to terminate the agreement exists with them and not with me!
Are these standard practices? Will appreciate mkt info.