FREE COMPLETE STUDY MATERIAL NOTES FOR IBBI EXAMINATION

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ONLINE BATCH STUDY MATERIAL-50 HRS EDUCATIONAL COURSE UNDER RULE 5(1) READ WITH RULE 12(2)(a) FOR REGISTRATION AS VALUERS UNDER THE BANNER OF CEV IAF RVO

 

UNIT-5

CHAPTER-8

LEASE-MEANING IN LAWS RELATED TO REAL ESTATE

LEASE DEFINITION
As per Section 105 of Transfer of Property act Lease is defined as:-
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, in consideration of a price paid or promised, or of money, a share of crops, service or any other thing of value, to be rendered periodically or on specified occasions to the transferor by the transferee, who accepts the transfer on such terms. Lessor, lessee, premium and rent defined.—The transferor is called the lessor, the transferee is called the ………………………READ MORE

  

 

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