Deepak Kumar singh 01 August 2022
Hello
can lease deed be mortgage with bank? if the signed documents b/w lessor and lessee if of 30 years with clause.
1) lessee can take loan on his business but repayment of loan will be the responsibility of lessee only and lessor will have no objection.
2) lessee cannot be sub-lease the lease to anyone.
P. Venu (Advocate) 01 August 2022
Irrespective of the terms of the lease, this is an issue which needs to be decided by the lending institution in accordance with the prevailing norms.
kavksatyanarayana (subregistrar/supdt.(retired)) 01 August 2022
The Bank does not sanction the loan on the lease deed.
Deepak Kumar singh 02 August 2022
Sir , if I understand you correctly you mean this. leanding institutions here bank can sanction loan to lessee.
1) to sanction loan will bank take any security for it?
2) if the loan is without security only on lease deed mortgage. If the lessee becomes defaulter how will lessor protect his property?
3) can bank take the leased property for the leased time period?
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