Question
When a mortgaged property is leased and mortgagor
obtains renewal of lease, mortgagee is_____________.Solution
Transfer of Property Act S. 71. Renewal of mortgaged lease.— When the mortgaged property is as lease, and the mortgagor obtains a renewal of the lease, the mortgagee, in the absence of a contract to the contrary, shall, for the purposes of the security, be entitled to the new lease.
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