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Section 115 - Effect of surrender and forfeiture on under-leases : Transfer of Property Act, 1882

What is Effect of surrender and forfeiture on under-leases? Section 115 of Transfer of Property Act, 1882

 

 

Section 115 of Transfer of Property Act 1882 : "Effect of surrender and forfeiture on under-leases"

115. The surrender, express or implied, of a lease of immovable property does not prejudice an underlease of the property or any part thereof previously granted by the lessee, on terms and conditions substantially the same (except as regards the amount of rent) as those of the original lease; but, unless the surrender is made for the purpose of obtaining a new lease, the rent payable by, and the contracts binding on, the under-lessee shall be respectively payable to and enforceable by the lessor.

The forfeiture of such a lease annuls all such under-leases, except where such forfeiture has been procured by the lessor in fraud of the under-lessees, or relief against the forfeiture is granted under section 114.

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