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A company lease is a lease agreement signed between the landlord and the employer company (on behalf of its employee). In a company lease, the company becomes the lessee and is liable to pay monthly rent and security deposit.

A lease of immovable property from year to year, or for any term exceeding one year, or reserving a yearly rent, can be made only by a registered instrument. All other leases of immovable property may be made either by a registered instrument or by oral agreement accompanied by delivery of possession.

By Efflux of Time (S. Where the term of the lease is fixed, the lease determines after the expiry of time period automatically. In case of a lease for a fixed period, no notice to quit is necessary. Unregistered lease deed cannot be determined by efflux of time.