Lease of immovable property

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Lease is letting of immovable property on rent. It is defined in Section 105 of the Transfer of Property Act. The person who lets out the property is called landlord and the person who takes the possession of the premises is known as the tenant.

Lease is defined as a transfer of a right to enjoy a specific immovable property, made for a certain time, in consideration of a price paid (rent), which is to be rendered periodically between two parties, a transferor and transferee.

It include the followings:

• Execution of Lease
• Rights and liabilities of the lessor
• Rights and liabilities of the Lessee
• Termination of a Lease
• Registration of a Lease Deed

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