What is a lease?

<span style="color: rgb(0, 0, 0); font-family: Arial; font-size: 13px; line-height: normal; white-space: pre-wrap;">What is a lease?</span>

Answer (1)

Team Legistify

  • Sector-1, Noida

A lease of an immovable property is the transfer of right to enjoy such property for an agreed period, in consideration of a price paid or promised to be paid periodically by the lessee to the lessor.

Answered on 28 Sep 2018


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