https://www.taxtmi.com/caselaws?id=98481 A lease of immovable property must have a term that is certain or capable of being made certain at the time of grant, so a clause creating an uncertain automatic extension beyond the stated period is unenforceable. On the lease deed read as a whole, the term was only ten years with at most a further renewal at the lessee's option, and the company court's sanction of the arrangement did not convert the instrument into a decree overriding the requirement of certainty. Estoppel was unavailable because the lessee had proceeded on the basis that the lease was for ten years. The receiver's remuneration and expenses were treated as an equitable burden to be shared equally by the company and the lessee. en-us Fri, 23 Feb 1968 00:00:00 +0530 Fri, 20 Jan 2012 17:34:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98481 A lease of immovable property must have a term that is certain or capable of being made certain at the time of grant, so a clause creating an uncertain automatic extension beyond the stated period is unenforceable. On the lease deed read as a whole, the term was only ten years with at most a further renewal at the lessee's option, and the company court's sanction of the arrangement did not convert the instrument into a decree overriding the requirement of certainty. Estoppel was unavailable because the lessee had proceeded on the basis that the lease was for ten years. The receiver's remuneration and expenses were treated as an equitable burden to be shared equally by the company and the lessee. Case-Laws Companies Law Fri, 23 Feb 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98481