BANKER AS A LESSER / LESSEE :

Section 105 of ‘Transfer & Property Act’ deals with lease, lesser, lessee. In case of safe deposit locker accounts, the banker and customer relationship of lesser/lessee is applicable. Banks lease the safe deposit lockers (bank’s immovable property) to the clients on hire basis. Banks allow their locker account holders the right to enjoy (make use of ) the property for a specific period against payment of rent.