Lease - Law Dictionary Search Results
Home Dictionary Name: lease Page: 2Licence and lease
Licence and lease, A licence confers a right to do or continue to do something in or upon immovable property of grantor which but for the grant of the right may be unlawful, but it creates no estate or interest in the immovable property of the grantor. A lease on the other hand creates an interest in the property demised, Sohan Lal Naraindas v. Laxmidas RaghunathGadit, (1971) 1 SCC 276: (1971) 3 SCR 319[ Transfer of Property Act, 1882, s. 105]A tenant protected by a statute is entitled to create a licence. The licence is not an interest in property. It is purely a personal right, Chandavarkar Sita Ratna Rao v. Ashalata S. Guram, AIR 1987 SC 117 (132): (1986) 4 SCC 447.Means a licence granted under section 15 to use the Indian Standards Certification Mark in relation to any article or process which conforms to the Indian Standard and includes any licence granted under the Indian Standards Institution (Certification Marks) Act, 1952 and is in force immediately before the date of establis...
Reversionary lease
Reversionary lease, one to take effect in futuro. A second lease to commence after the expiration of a former lease. It did not create any term or estate, but only an interesse termini (see that title). By the (English) L.P. Act, 1925, s. 149, a term at a rent or a consideration of a fine cannot be created in law to take effect more than twenty-one years from the date of the instrument purporting to create it, and see RENEWAL and OPTION. Consult Foa or Wonafall on Landlord and Tenant...
Zur-i-peshagi lease (Zurpeshgidars)
Zur-i-peshagi lease (Zurpeshgidars), means a form of lease made in consideration of money advanced by lessee to lessor. The lease is a security for the amount advanced by the tenant to the lessor, Chulhan Singh v. Madho Singh, 28 IC 383....
Transferred his rights under the lease
Transferred his rights under the lease, a lease of immovable property is transfer of a right to enjoy such property. Parting with possession or control over the tenancy premises by the tenant in favour of a third person would amount to the tenant having 'transferred his rights under the lease' within the meaning of s. 14(2)(ii)(a) of the Act, Parvinder Singh v. Renu Gautam, (2004) 4 SCC 794 (800). [H.P. Urban Rent Control Act, 1987 (25 of 1987), s. 14(2)(ii)(a)]...
Subject to the terms of a lease
Subject to the terms of a lease, is also equivalent to 'subject to contract'. Thus even although the nego-tiations as to the terms to be contained in the lease had been brought to a conclusion by agreement between solicitors of the parties, no concluded bargain would be reached until the lease had been executed, Raingold v. Broomley, (1931) 2 Ch 307...
Option of purchase in a lease
Option of purchase in a lease. A clause giving the lessee the option of purchasing the reversion for a fixed sum within a limited number of years, or at anytime during the term, is sometimes inserted in leases. A clause giving an option of purchase at any time during a ninety-nine years' lease offends against the law of perpetuities (see that title) and cannot be specifically enforced, Woodall v. Clifton, (1905) 2 Ch 257; Worthing Corporation v. Heather, (1906) 2 Ch 532. For statement of opinion that the clause 'to be completely valid must be so expressed that the option must necessarily be exercised (if at all) within the limits of the time allowed by the rule against perpetuities,' so that probably not more than twenty one years could be allowed in a lease independent of life, see article by Mr. T. Cyprian Williams in the Solicitors' Journal for July 9, 1898; and for cases on option of purchase generally, see Woodfall, L. & T....
Registered lease
Registered lease, the term 'registered lease' should be such a lease to which lessor and lessee are both parties and signatories, Maharaja Chintamani Saran Sah Deo v. Jogeshwar Sikhar, 1990 Supp SCC 280: AIR 1990 SC 1770 [Bihar Land Reforms Act, 1950, s. 6(1)(a)(ii)]...
Periodic lease
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....
Currency of lease
Currency of lease, the expression 'currency of the lease' in s. 11 will include the statutory extension of the lease under the provisions of the Andhra Act. (18 of 1956), Vdaviill Nagarathnam v. Reddi S. Murthy, AIR 1976 SC 1830 (1836). [Andhra Pradesh (Andhra Area) Tenancy Act, (18 of 1956), s. 11]...
mining lease
mining lease : mineral lease at lease ...
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