Periodic Lease - Definition - Law Dictionary Home Dictionary Definition periodic-lease

Definition :

Periodic lease, it recognises the lessee's rights of landholding, or a person who is already a land-holder loosing that status. If on a settlement the period of lease happens to be for a term of less than 10 years, he would then lose the right to have his lease renewed or the settlement offers to him, L.C. Singh v. Chief Commissioner of Manipur, AIR 1958 Manipur 1.