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navneet mehta (service)     03 August 2009

land _property law

can anybody suggest me that is there any law which provides right to mortgagor to constuct a small room on a mortgaged land during the mortgage period for look after the land.

 

with anticipated thanks,



Learning

 3 Replies

Y V Vishweshwar Rao (Advocate )     03 August 2009

There si no Wrong if a some structure is constructed in the Mortgaged Proerty to protect the proerty and watch and ward - that Additional Structure value  also becomes part of the Mortgaged proerty by acretion/proeprty developed !  It is not agaisnt the interest of the Mortageee !

1 Like

navneet mehta (service)     04 August 2009

Thank you so much for your prompt reply.

Can you pl. provide me relevant sections, Act & case laws, if any.

you can also send me your precious reply at my mail ID

navneetmehta84@gmail.com

 

 

Y V Vishweshwar Rao (Advocate )     05 August 2009

Sec 70 of Transfer of Proerty ;-

if, after date of mortgage any accession is made to the Mortgaged proerty , the mortgagee , in the absence of a contrat to the contrary, shall , for the purpose of the security ,be entitled to such accession.

 


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