Section 65A of TPA : Section 65A: Mortgagor?S Power To Lease
TPA
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Explanation using Example
Imagine John has taken a loan from a bank and mortgaged his commercial property as security for the loan. According to Section 65A of the Transfer of Property Act, 1882, John, while still in possession of his mortgaged property, decides to lease out a portion of the property to Sarah for her new coffee shop.
John ensures that the lease agreement with Sarah is for a period of two years, which is within the three-year limit for buildings ...
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