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Tax4india ›› Indian Law ›› Property And Real Estate ›› Lease
Lease
A lease of immovable property is a transfer of a right to enjoy such property, made for a certain time, express or implied, or in perpetuity, in consideration of a price paid or promised, or of money, a share of crops, service or any other thing of value, to be rendered periodically or on specified occasions to the transferor by the transferee, who accepts the transfer on such terms.
Lessor, Lessee, Premium And Rent
The transferor is called the lessor, the transferee is called the lessee, the price is called the premium , and the money, share, service or other thing to be so rendered is called the rent
Essential Elements Of Leasing.
Essential Elements Of The Sale.
Rights And Liabilities of Lessor And Lessee.
How Does A Lease End.
Holding Over - Extending Possession .
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