A lease of immovable property for any term exceeding one year can be made:
Verified Answer
A. Only by a registered instrument
B. By oral agreement
C. By oral agreement accompanied with delivery of possession
D. Either by oral agreement or by a registered instrument
Explanation:
According to Section 107 of the Transfer of Property Act, 1882, a lease of immovable property for any term exceeding one year, or from year to year, or reserving a yearly rent, can only be made by a registered instrument. Oral agreements or oral agreements with delivery of possession are not sufficient for such leases.