Lease

• A letting of land for a term exceeding 3 years ( >1 year for Sabah and Sarawak -a 'sublease') and not exceeding 99 years . 
• An interest capable of registration . 
• A lease is an interest in land granted by the lessor ( whether he is the owner of the land or not , to a lessee for a certain period ( Lessor > lessee ) 
• A lease can be transmitted and is binding on the lessor's successors.