LawgistThe Transfer of Property Act
64Renewal of mortgaged lease
Where the mortgaged property is a lease 1***, 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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1. The words "for a term of years" omitted by s. 28, ibid.
Rights and liabilities of mortgagor
- 60 Right of mortgagor to redeem
- 60A Obligation to transfer to third party instead of re -transference to mortgagor
- 60B Right to inspection and production of documents
- 61 Right to redeem separately or simultaneously
- 62 Right of usufructuary mortgagor to recover possession
- 63 Accession to mortgaged property
- 63A Improvements to mortgaged property
- 64 Renewal of mortgaged lease
- 65 Implied contracts by mortgagor
- 65A Mortgagor‟s power to lease
- 66 Waste by mortgagor in possession
