Most Companies in Mumbai prefer to sign a Company Lease which means that the Leave and License agreements are signed by the Company for the use and occupation of the Executive who will be residing in the apartment.
The occupant could be changed if required but a provision for the same has to be made in the Agreements. A popular term for Company Lease Accommodation is “CLA” which is most commonly used by Multinational, Large Corporate and Foreign Companies who have policies to provide there both Expatriate and Indian Employees Housing.
An overview of the Company Lease Accommodation (CLA)
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