Mark the incorrect statement in relation to lease ........

Transfer of Property Act Leases

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Mark the incorrect statement in relation to lease:

The duration of lease should be specific or for perpetuity.

A lease could be given to oneself.

The subject matter of lease must be immovable property

The lessee must accept the transfer.

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Explanation:

A lease could be given to oneself.

According to Section105. Lease defined

A lease of immovable property is a transfer of a right to enjoy such property, made for a certain time, express or implied, or in perpetuity, in consideration of a price paid or promised, or of money, a share of crops, service or any other thing of value, to be rendered periodically or on specified occasions to the transferor by the transferee, who accepts the transfer on such terms.

Lessor, lessee, premium and rent defined : The transferor is called the lessor, the transferee is called the lessee, the price is called the premium, and the money, share, service or other thing to be so rendered is called the rent.