Transfer of Property Act Section 105 — Lease defined
CHAPTER V OF LEASES OF IMMOVEABLE PROPERTY
General
Summary
A lease of immovable property is an arrangement where the owner gives another person the right to use and enjoy the property for a fixed period, whether that period is clearly stated or understood, or even forever. In return, the person using the property must give something of value to the owner, such as money, a share of crops, services, or any other valuable thing, which is paid either regularly or at specific times. The person who gives the property is called the lessor, and the person who receives it is called the lessee. The one-time payment for the lease is called the premium, while the ongoing payments or other things given are called the rent.
Official Text
A lease of immoveable property is a transfer of a right to enjoy such property, made for a certain time, express or implied, or in perpetuity, in consideration of a price paid or promised, or of money, a share of crops, service or any other thing of value, to be rendered periodically or on specified occasions to the transferor by the transferee, who accepts the transfer on such terms. Lessor, lessee, premium and rent defined.—The transferor is called the lessor, the transferee is called the lessee, the price is called the premium, and the money, share, service or other thing to be so rendered is called the rent. 1. Subs. by Act 20 of 1929, s. 52, for certain words. 2. Ins. by s. 52, ibid. 3. Subs. by Act 20 of 1929, s. 52, for certain words. 4. Subs. by s. 52, ibid., for “in such Court as last aforesaid”. 5. Ins. by s. 53, ibid. 6. Subs. by s. 53, ibid., for “Chapter XXXI of the Code of Civil Procedure”. 1