Transfer of Property Act, 1882 – Ss. 5, 105 – Registration Act, 1908 – Section 47 – Lease – Time from which registered document operates – A lease of immovable property is a transfer of immovable property. The transfer consists of the transfer of a right to enjoy immovable property. It creates an interest in the property. One of the essential elements of the lease is the period of time for which the demise holds good. A lease may be for certain time which may be express or implied. It may also be in perpetuity. Therefore, when one thinks of a lease of an immovable property one of the essential terms would be the period for which the lease operates.
Citations : 2021 (12) SCALE 1