Lease deed can be created in perpetuity (an unspecified period of time). Such lease deeds can be created either by an express grant. It is therefore essential that lease deeds be carefully drafted so as to ensure that they stand determined after a stipulated time.
There are two types of succession, testamentary succession and intestate succession.
In the last column, we had examined the general principles governing the drafting of a lease. The different parts of an agreement including recitals and testatum were explained. In today’s article, we shall focus a little more on these two aspects.
The general principles governing the drafting of a lease are no different from drafting any other contract. Therefore, like any other contract, a lease, too, will have certain distinct portions, such as title of the agreement; place and date; introductory clause, which provides the description of the parties; recitals; testatum and testimonium. Lease additionally also…
We have, in the past, written about the obligations of lessor and lessee in regards to maintaining the leased property. But what are their obligations vis-a-vis the leased premises in the event of a vis major or force majeure?
In this article, we deal with the legal aspects of damage caused by the tenant to the leased premises and the remedies available to the landlord. Section 108(B)(o) of the Transfer of Property Act, 1882, casts a duty upon the lessee to use the leased premises the way a person of ordinary prudence would use…
