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Section 71 - Renewal of mortgaged lease : Transfer of Property Act, 1882

How to do Renewal of mortgaged lease? Section 71 of Transfer of Property Act, 1882

 

 

Section 71 of Transfer of Property Act 1882 : "Renewal of mortgaged lease"

71. When the mortgaged property is a 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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