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Section 95 - Right of redeeming co-mortgagor to expenses : Transfer of Property Act, 1882

What is Right of redeeming co-mortgagor to expenses? Section 95 of Transfer of Property Act, 1882

 

 

Section 95 of Transfer of Property Act 1882 : "Right of redeeming co-mortgagor to expenses"

95. Where one of several mortgagors redeems the mortgaged property, he shall, in enforcing his right of subrogation under section 92 against his co-mortgagors, be entitled to add to the mortgage-money recoverable from them such proportion of the expenses properly incurred in such redemption as is attributable to their share in the property.

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