Site navigation

Under section 105 of the Transfer of Property Act 1882, what is a transfer of the right to enjoy…

Section 105 defines a lease as transfer of a right to enjoy immovable property for a term or in perpetuity for accepted consideration. A price paid or promised may be the…

Choose your answer

Under section 105 of the Transfer of Property Act 1882, what is a transfer of the right to enjoy immovable property for a specified time, in consideration of a price paid or promised, where the transferee accepts the transfer on those terms?

Select one answer
Answer and explanation

Correct answer C

Section 105 defines a lease as transfer of a right to enjoy immovable property for a term or in perpetuity for accepted consideration. A price paid or promised may be the premium; a mortgage secures an obligation.

Option feedback

Option A

A mortgage secures an obligation by transfer of an interest.

Option B

An actionable claim concerns an unsecured debt or beneficial interest in movable property.

Option C

A lease transfers the right to enjoy immovable property for accepted consideration.

Option D

A licence is permission creating no interest in the property.

Practice for these exams

Related question papers

Related exam syllabi

Related questions in this topic