Legislative Dictionary - L
Judicial Dictionary
Legislative Dictionary
Lease from month to month, from year to year
Category | L |
---|---|
Title | Lease from month to month, from year to year |
Details | 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. [See, section 106, the Transfer of Property Act, 1882 (Act No. IV of 1882)]. |
Created On | September 18, 2011, 7:07 AM |
Hits | 751 |