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What is Lease and Gift under TPA 1882 Explained about?
The document discusses key concepts around leases under the Transfer of Property Act 1882 in India. It defines a lease as the transfer of a right to enjoy immovable property for a certain time period or in perpetuity in exchange for consideration. The lessor transfers possession, while ownership remains with them. A valid lease requires acceptance by the lessee, consideration (e.g. rent), and a defined time period or perpetuity. The rights and obligations of lessors and lessees are also outlined, as well as
- Author
- Addya Gupta
- Language
- EN