New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

      If Mohan wants to lease 10 Gunthas of his land to

    Renuka for a period of 3 months he can effect it by which of the following modes?
    A By a registered instrument. Correct Answer Incorrect Answer
    B By oral agreement accompanied with delivery of possession Correct Answer Incorrect Answer
    C By delivery of possession. Correct Answer Incorrect Answer
    D By oral agreement. Correct Answer Incorrect Answer
    E A or B. Correct Answer Incorrect Answer

    Solution

    Transfer of Property Act  S. 107. Leases how made .— A lease of immoveable property from year to year, or for any term exceeding one year, or reserving a yearly rent, can be made only by a registered instrument. All other leases of immoveable property may be made either by a registered instrument or by oral agreement accompanied by delivery of possession.

    Practice Next

    Relevant for Exams: