Question
When the mortgaged property is on lease, then______
Solution
As per Transfer of Property 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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