Under the Indian Trusts Act, 1882, a lease of trust-property must reserve:
Section 36 forbids a trustee, except with the permission of a principal Civil Court of original jurisdiction, to grant a lease for more than twenty-one years or "without…
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Under the Indian Trusts Act, 1882, a lease of trust-property must reserve:
Answer and explanation
Correct answer D
Section 36 forbids a trustee, except with the permission of a principal Civil Court of original jurisdiction, to grant a lease for more than twenty-one years or "without reserving the best yearly rent that can be reasonably obtained". The previous rent, a fraction of the annual value or a figure agreed by most beneficiaries does not meet that test.