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Mortgagee - Law Dictionary Search Results

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Collateral advantage

Collateral advantage, is a provision giving the mortgagee a benefit over and above the repayment of the advance, with interest. To be invalid, such a benefit

Covenant

the 2nd sched. Of the (English) L.P. Act, 1925, as to covenants implied in a conveyance (not a mortgage) for value of land subject to a rent charge or an assignment for value of a lease similarly

Deed of Covenant

of Covenant. Covenants are frequently entered into by a separate deed for the indemnity of a purchaser or mortgagee, or for some other special purpose. A covenant with a penalty is sometimes taken for the payment of

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Deemed tenant

right as a tenant even after the redemption of the mortgage and extinguishment of the interest of the mortgagee-in-possession, Popila Bai v. Chandas T. Bhortakke, (2005) 2 SCC 509.

Equitable estates and interests

free from equities in certain cases. See ESTATE OWNER, LEGAL ESTATE, PERSONAL REPRESENTATIVES, SETTLED LAND, TRUS-TEES FOR SALE, MORTGAGEE, SALE BY ORDER OF COURT, and subject to statutory modifications as to notice and registration, see NOTICE,LAND CHARGES.

Executor

joint tenancy, and he can sell or mortgage that property for purposes of administration, and no purchaser or mortgagee dealing with him is concerned to inquire for what purpose the money is required. Even if a later

Collateral

where a deed is made of other property, besides that already mortgaged, for the better safety of the mortgagee (see Re Athill, (1880) 16 Ch D 211) or a bill of exchange given, or pledge deposited to

Law of Property Act, 1925 (English)

estates and infants' estates; (c) personal representatives as to the estate of the deceased, whether testate or intestate;(d) mortgagees; (e) an order of Court as provided, may, with certain exceptions set out in sub-s. (3) of s.

Surrender

a more than three years' term must be by deed. As to surrenders of leases by mortgagors or mortgagees, in possession, see s. 100, (English) L.P. Act, 1925. But there may be an implied surrender or, as

Service

LXVII., r. 2. By the (English) Law of Property Act, 1925, any notice to or by lessees, mortgagors, mortgagees, and any notice affecting property required by any instrument coming into operation after 1925 unless a contrary intention

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