Comment on the following: A lease of immovable property is a transfer of right.
CS Professional · Drafting, Appearances and Pleadings · PYQS · June 2016
Comment on the following: A lease of immovable property is a transfer of right.
Answer & Explanation:
As per Section 105 of Transfer of Property Act, 1882, a lease of immoveable property is a transfer of a right to enjoy such property, made for a certain time, express or implied, or in perpetuity, for consideration. Thus a lease of immovable property is a transfer of right to enjoy the property for a certain time in consideration for a price paid or promised.
Topics: Conveyancing
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