LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

jayantha   05 November 2020

lessee loan

Borrowing
The Lessee shall be entitled to take loans and financial facilities for putting up the constructions on the Demised Premises against the security of the warehouse constructed therein or mortgage, assign, transfer the leasehold rights granted to the Lessee under this Deed to any third party or finical institution in order to raise appropriate funds. The Lessee shall be liable to discharge all such debts and the Lessee shall clear such debts before the expiry of the Lease period. It is further agreed that any encumbrances, charges or mortgage created on the schedule property structures constructed by the Lessee in whole or any part thereof or the super structure created by the Lessee cannot extend beyond the period of the Lease and shall not bind the Lessors and the Lessors shall not be liable thereof.

From the above paragraph
Can a lessee avail loan or mortgage facility against schedule property?
please suggest me


Learning

 1 Replies

Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108)     05 November 2020

You are abusing the resources of this Legal Forum and Misleading & Fooling the experts over here, BY YOUR REPEATED QUERIES ON THE SAME ISSUE. Kindly Avoid..

Keep Smiling .... Hemant Agarwal
VISIT: www.chshelpforum.com


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register