In case of Mortgaged lease, if the mortgagee obtains a renewal of the lease, the mortgagor upon…
Under section 64, where mortgaged property is a lease and the mortgagee obtains renewal, the redeeming mortgagor has the benefit of the new lease in the absence of a…
Choose your answer
In case of Mortgaged lease, if the mortgagee obtains a renewal of the lease, the mortgagor upon redemption:
Answer and explanation
Correct answer B
Under section 64, where mortgaged property is a lease and the mortgagee obtains renewal, the redeeming mortgagor has the benefit of the new lease in the absence of a contract to the contrary. The mortgagee cannot ordinarily retain the renewal for personal advantage against the redemption right.
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