Transfer of Property Act 1882, plays a vital role in the branch of ‘Law of Property'. It is important that not only for the people who study law courses or doing research should study the law relating to property, but also all the citizens of India should have a basic knowledge about this law since almost maximum percentage of people in India owns their own property or rents on the property of others. Lease plays an important role in this branch of law. Chapter V from Section 105-117 of the Transfer of Property Act, 1882 talks about the lease. Thus, in this paper, I’ll try to give a detailed and a simple understanding of the Lease and its various kinds.