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Section 64 - Renewal of mortgaged lease : Transfer of Property Act, 1882

What is Renewal of mortgaged lease? Section 64 of Transfer of Property Act, 1882

 

 

Section 64 of Transfer of Property Act 1882 : "Renewal of mortgaged lease"

64. 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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