A lease or tenancy simply means a contract that transfers the right to possess specific property. It is a contract between a lessor and a lessee for the use of a vehicle or other property, subject to stated terms and limitations, for a specified period and at a specified payment.

"Lease" means a lease of immoveable property, and includes also—(a) a patta;(b) a kabuliyat or other undertaking in writing, not being a counterpart of a lease, to cultivate, occupy or pay or delivery rent for immoveable property;(c) any instrument by which tolls of any description are let; (d) any writing on an application for a lease intended to signify that the application is granted. [Section 2(3)(c); The Stamp Act, 1899]

"Lease" includes a counter-part, Kabuliyat and an undertaking to cultivate or occupy. [Section 2(7) of the Registration Act, 1908]

Lease from month to month, from year to year.—In the absence of a contract or local law or usage to the contrary, a lease of immoveable property for agricultural or manufacturing purposes shall be deemed to be a lease from year to year, terminable, on the part of either lessor or lessee, by six months' notice expiring with the end of a year of the tenancy; and a lease of immoveable property for any other purpose shall be deemed to be a lease from month to month, terminable, on the part of either lessor or lessee, by fifteen days' notice expiring with the end of a month of the tenancy. [Section 106 of the Transfer of Property Act, 1882]