Section 71State of Jammu-Kashmir Act

Section 71: Renewal of mortgaged lease

Transfer of Property Act, 1977

Renewal of mortgaged lease.

- When the mortgaged property is a lease [xxx] [In section 71 words 'for a term of years' omitted by Act VI of Samvat 1996.], and the mortgagor obtains renewal of the lease, the mortgagee, in the absence of a contract to the contrary, shall for the purposes of the security, be entitled to the new lease.

Sec 70 — Accession to mortgaged property

Sec 72 — Rights of mortgagee in possession

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