Ways in which a lease may be determined

A lease may be determined in various ways, namely:

  1. Notice: either party may notify the other its intention to terminate the lease. This is possible where the date of termination is not specified.
  2. Lapse of time: all fixed period tenancies determine on expiration of the stipulated time.
  3. Forfeiture: this is the right of the lessor, in the event of contain breaches, to re-enter the demised premises and thus prematurely terminate the lease.
  4. Surrender: this is the giving up by the tenant to the landlord of his interest in the premises.
  5. Merger: a lease determines if the interest of the lessor and the lessee in the property became vested in one person.
  6. Conversion:

CPA Revision kits and past papers with answers

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