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  • Odisha Judicial Service (Preliminary) Exam (2011)
  • Consideration for lease is
Multiple choice

Consideration for lease is

  1. license

  2. price

  3. debt

  4. premium

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A lease of immovable 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.

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