TP Act
TP Act or The Transfer of Property Act 1882 is an Indian legislation which regulates the transfer of property in India. It contains specific provisions regarding what constitutes a transfer and the conditions attached to it.
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LEASE
The Lessor is the Owner of the Plot of land giving the same on long lease to the Lessee. This is the precedent of an Indenture of Lease whereby Lessor is giving his plot of land on long lease to Lessee with the right to construct building/s on the same.
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LEASE OF LAND TOGETHER WITH THE BUILDING
The Lessor is the Owner of the Plot of land together with the building thereon, giving the same on long lease to the Lessee. This is the precedent of an Indenture of Lease whereby the Lessor is giving his plot of land along with the building on long lease to the Lessee.
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AGREEMENT FOR LEASE OF THE ENTIRE BUILDING
The Lessor is the Owner of the Plot of land together with the building thereon, giving the building on long lease to the Lessee. This is the precedent of an Indenture of Lease whereby the Lessor is giving his entire building on long lease to the Lessee.
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SUB-LEASE
The Lessee of the property wants to create further lease. This is the precedent of an Indenture of Sub-Lease.
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ASSIGNMENT OF LEASE
The Lessee wants to assign its leasehold right to a third party. This is the precedent of an Indenture of Assignment of lease/Leasehold rights.
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SURRENDER OF LEASE
This is the precedent of the Deed of Surrender of Lease whereby the Lessee is surrendering its leasehold right in the property to the Lessor.
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LEASE OF MOVABLES (EQUIPMENTS)
The Lessor is the Owner of Movables giving the same on long lease. This is the precedent of an Agreement of Lease of Movables.
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