Section 105 - Lease defined : Transfer of Property Act, 1882
How Lease defined? Section 105 of Transfer of Property Act, 1882
Section 105 of Transfer of Property Act 1882 : "Lease defined"
105. A lease of immovable property is a transfer
of a right to enjoy such property, made for a
certain time, express or implied, or in perpetuity,
in consideration of a price paid or promised, or of
money, a share of crops, service or any other thing
of value, to be rendered periodically or on
specified occasions to the transferor by the
transferee, who accepts the transfer on such terms.
Lessor, lessee, premium and rent defined.
The transferor is called the lessor, the transferee is called
the lessee, the price is called the premium, and the money,
share, service or other thing to be so rendered is called the