A, the tenant for life of leasehold property, renews the lease in his own name and for his own benefit.…
Section 90 provides that a tenant for life or other qualified owner who gains an advantage by availing himself of his position must hold it "for the benefit of all persons…
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A, the tenant for life of leasehold property, renews the lease in his own name and for his own benefit. Under section 90 of the Indian Trusts Act, 1882, for whose benefit does A hold the renewed lease?
Answer and explanation
Correct answer B
Section 90 provides that a tenant for life or other qualified owner who gains an advantage by availing himself of his position must hold it "for the benefit of all persons so interested". Illustration (a) to section 90 states that "A holds the renewed lease for the benefit of all those interested in the old lease." A is one of those persons, so he shares in the benefit rather than being excluded in favour of the remainderman.