What does the law require?
Section 17(1)(d) of the Registration Act, 1908 makes registration compulsory for leases of immovable property from year to year, for any term exceeding one year, or reserving a yearly rent. Section 107 of the Transfer of Property Act, 1882 adds that such leases can be made only by a registered instrument. Shorter leases may be made orally or by an unregistered agreement, though they still need stamping.
