📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Which of the following is true about the duration of

      leases under Chapter V of the Transfer of Property Act? 
      A Leases can only be made for a maximum of 5 years Correct Answer Incorrect Answer
      B Leases can be for a definite term, implied term, or perpetuity Correct Answer Incorrect Answer
      C Leases can only be made orally without documentation Correct Answer Incorrect Answer
      D Leases are automatically renewable every year Correct Answer Incorrect Answer
      E Leases cannot be transferred to third parties Correct Answer Incorrect Answer

      Solution

      Leases can be for a fixed term, an implied term, or even in perpetuity as per Section 105 and general principles of lease law.

      Practice Next
      More Other Laws and Acts Questions

      Relevant for Exams:

      ask-question