New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    Is a written contract compulsory to be made for a lease?

    A Yes, always. Correct Answer Incorrect Answer
    B Not necessary Correct Answer Incorrect Answer
    C Only for determination of duration of lease Correct Answer Incorrect Answer
    D Not required if court grants permission to the parties. Correct Answer Incorrect Answer

    Solution

    A contract for lease can be express or implied as per section 105 of the TRANSFER OF PROPERTY Act, 1882 and determination of duration of leases in absence of a written contract or a local usage is provided under s.106 of the TRANSFER OF PROPERTY Act.

    Practice Next