For the determination of a lease of immovable property from year to year under Section 106 of the…
Under Section 106(1) of the Transfer of Property Act, 1882, in the absence of a contract or local law or usage to the contrary, a lease of immovable property for…
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For the determination of a lease of immovable property from year to year under Section 106 of the Transfer of Property Act, 1882, the statutory notice period (in the absence of a contract or local law or usage to the contrary) is:
Answer and explanation
Correct answer B
Under Section 106(1) of the Transfer of Property Act, 1882, in the absence of a contract or local law or usage to the contrary, a lease of immovable property for agricultural or manufacturing purposes is deemed to be a lease from year to year, terminable on the part of either the lessor or the lessee by six months' notice. By contrast, a lease of immovable property for any other purpose is deemed to be a lease from month to month, terminable by fifteen days' notice.
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