Section 70 - Accession to mortgaged property : Transfer of Property Act, 1882

What is Accession to mortgaged property? Section 70 of Transfer of Property Act, 1882

 

Section 70 of Transfer of Property Act 1882 : "Accession to mortgaged property"

70. If, after the date of a mortgage, any accession is made to the mortgaged property, the mortgagee, in the absence of a contact to the contrary, shall, for the purposes of the security, be entitled to such accession.

 

 

Illustrations
(a) A mortgages to B a certain field bordering on a river. The field is increased by alluvion. For the purposes of his security, B is entitled to the increase.

(b) A mortgages a certain plot of building land to B and afterwards erects a house on the plot. For the purposes of his security, B is entitled to the house as well as the plot.