Question
A lets a house to B for five years. B underlets the
house to C at a monthly rent of Rs. 100. The five years expire, but C continues in possession of the house and pays the rent to A. C's lease is ?Solution
S. 116. Effect of holding over.—If a lessee or under-lessee of property remains in possession thereof after the determination of the lease granted to the lessee, and the lessor or his legal representative accepts rent from the lessee or under-lessee, or otherwise assents to his continuing in possession, the lease is, in the absence of an agreement to the contrary, renewedfrom year to year, or from month to month, according to the purpose for which the property is leased, as specified in section 106. Illustrations (a) A lets a house to B for five years. B underlets the house to C at a monthly rent of Rs. 100. The five years expire, but C continues in possession of the house and pays the rent to A. C's lease is renewed from month to month.
What is the full form of TReDS?
Which of the following is a key determinant of operating leverage?
When the shares are issued for consideration other than cash which account will be debited
The approximate percentage change in a bond’s price for a 1% change in yield to maturity is given by:
What is the difference between bullion and numismatic coins?
Â
For an enterprise with investment in plant and machinery or equipment of Rs.9 crore and turnover of Rs.40 crore will be classified as _______ , as per M...
Payoff to a short position in a forward contract where the forward price is Rs.30 and spot price at maturity is Rs.55 will be _____
The Reserve Bank of India (RBI) doubled the limit for collateral-free loans to micro and small enterprises (MSEs) from 5 lakhs to 10 lakhs following whi...
What is project financing?
An examination of the sources and uses of funds statement is part of: