Rahul rents a shop in the city for running his retail business. Later, the land- lord decides to terminate the lease. Since the lease is for purposes other than agriculture or manufacturing and there is no special contract between the parties, the landlord wonders how many days’ notice he must legally give under the Trans- fer of Property Act, 1882, to end the lease. What is the required notice period?
Explanation & Strategy
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Under the Transfer of Property Act (S.106), a lease of immovable property for manufacturing/commercial purposes can be terminated by 15 days' notice. Since Rahul's shop lease is for retail business (commercial purpose), the landlord must give 15 days' notice before the lease month expires.