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Rupal (Manager)     17 September 2011

Loan on property occupied by third party (tenant)

Hi,

A bank can issue loan to the landlord on a flat which is occupied by the tenants for many years.....



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 2 Replies

adv. rajeev ( rajoo ) (practicing advocate)     17 September 2011

No problem, if the documents of the property are correct and if there is no encumbrance of any third party.

Rupal (Manager)     17 September 2011

   Sir, the tenant had paid huge amount as a security deposit (in lakhs) to the landlord to acquire the flat prior to bank loan. Does the tenancy will be secured inspite of loan given by bank to landlord. What if the landlord does not pay the loan to bank. 


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