📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      Mortgaged property is leased and the Mortgagor redeems

      the mortgage:
      A He shall get benefits of renewed lease. Correct Answer Incorrect Answer
      B He shall not get benefits of lease. Correct Answer Incorrect Answer
      C Mortgagee only gets the benefit of lease. Correct Answer Incorrect Answer
      D Redemption has no effect on lease. Correct Answer Incorrect Answer
      E Lease transaction is different from mortgage and not affected by it. Correct Answer Incorrect Answer

      Solution

      S. 64. Renewal of mortgaged lease.—Where the mortgaged property is a lease and the mortgagee obtains a renewal of the lease, the mortgagor, upon redemption, shall, in the absence of a contract by him to the contrary, have the benefit of the new lease.

      Practice Next
      More Administrative Interpretation and Maxims Questions
      ask-question