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Part 105 with the Transfer of Property Act defines lease. A lease is usually a transfer of the right to enjoy this kind of property, created for a particular time, or in perpetuity, in consideration of the price tag compensated or promised, or of money, a share of crops, assistance or any other issue of worth, to become rendered periodically or on specified situations to the transferor by the transferee, who accepts the transfer on these phrases.

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When two persons mutually transfer the ownership of another thing for your ownership of A different, neither issue or the two items getting income only, the transaction is called an "exchange".

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