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Under Section 17(1)(d) of the Registration Act read with Section 107 of the Transfer of Property Act, 1882, a lease of immovable property is COMPULSORILY registrable if:
Answer & Solution
Correct answer: D.
1. Section 17(1)(d) and Section 107 TPA jointly require registration where the lease is "from year to year", or "for any term exceeding one year", or "reserves a yearly rent".
2. The Lesson 15 comparison table sets out exactly these three triggers.
3. The lesson illustrates that a lease of high value but for a term not exceeding one year, not year-to-year, and not reserving a yearly rent, does not require registration under 17(1)(d).
4. A "one year + option to renew for one year" arrangement is not a "term exceeding one year" and stays outside compulsory registration.
_Source: ICSI CS Executive Paper 1 (Jurisprudence, Interpretation & General Laws) — Lesson 15: Registration Act, 1908, pp. 375-388._
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