Question
When mortgaged property is leased & it is renewed:
Solution
As per s. 64 of the TP Act, 1882, 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.
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