Under the Transfer of Property Act, 1882, a mortgagor in lawful possession of the mortgaged property in…
Section 65A of the Transfer of Property Act lets a mortgagor lawfully in possession, absent any contrary term in the mortgage, grant leases binding the mortgagee, but a…
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Under the Transfer of Property Act, 1882, a mortgagor in lawful possession of the mortgaged property in the absence of any term to the contrary:
Answer and explanation
Correct answer B
Section 65A of the Transfer of Property Act lets a mortgagor lawfully in possession, absent any contrary term in the mortgage, grant leases binding the mortgagee, but a lease of a building is capped at a term not exceeding three years, unlike agricultural leases which may run longer.
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