LawgistThe Transfer of Property Act
71Renewal of mortgaged lease
When the mortgaged property is as lease 1***, 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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1. The words "for a term of years" omitted by Act 20 of 1929, s. 36.
Rights and liabilities of Mortgagee
- 67 Right to foreclosure or sale
- 67A Mortgagee when bound to bring one suit on several mortgages
- 68 Right to sue for mortgage-money
- 69 Power of sale when valid
- 69A Appointment of receiver
- 70 Accession to mortgaged property
- 71 Renewal of mortgaged lease
- 72 Rights of mortgagee in possession
- 73 Right to proceeds of revenue sale or compensation on acquisition
- 74 [Repealed.]
- 75 [Repealed.]
- 76 Liabilities of mortgagee in possession
- 77 Receipts in lieu of interests
