Under the Transfer of Property Act, 1882, in the absence of an agreement to the contrary, for what…
On holding over with the lessor's assent under s.116 TPA, the lease is renewed from year to year or from month to month according to its purpose as specified in s.106; a…
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Under the Transfer of Property Act, 1882, in the absence of an agreement to the contrary, for what period is a lease for agricultural or manufacturing purposes renewed when the lessee holds over with the lessor's assent?
Answer and explanation
Correct answer B
On holding over with the lessor's assent under s.116 TPA, the lease is renewed from year to year or from month to month according to its purpose as specified in s.106; a lease for agricultural or manufacturing purposes is renewed from year to year, so the period is "One year".
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