Under the Transfer of Property Act, 1882, a lease of immovable property is a transfer of:
Section 105 of the Transfer of Property Act defines a lease of immovable property as a transfer of a "right to enjoy" the property, made for a certain time or in perpetuity,…
Choose your answer
Under the Transfer of Property Act, 1882, a lease of immovable property is a transfer of:
Answer and explanation
Correct answer B
Section 105 of the Transfer of Property Act defines a lease of immovable property as a transfer of a "right to enjoy" the property, made for a certain time or in perpetuity, in consideration of a price paid or promised or of money or other thing of value rendered periodically or on specified occasions.
A lease does not transfer title, and the statutory definition speaks of a right to enjoy rather than an interest to enjoy.
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