Law · Transfer of Property Act
A lessee accepts from the lessor a new lease of the property leased, to take effect during the continuance of the existing lease. This:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Is a voidable agreement
- 2Is an implied surrender of the former lease✓
- 3Converts the former lease into a perpetual lease
- 4Converts the former lease into an exchange
Correct answer
Is an implied surrender of the former lease
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