Wednesday 13 April 2011

Is set to get back to property

Property mortgage is a very old practice. Stories - stories of the infamous usurer, the same trend, but the Indian law Ssudkhoroan such arrangements has also restored the property safe.
The mortgaged property (mortgage) while they prepared for the papers 'right of Rideanpashne' ie to free the property rights should be written clearly on. This right is taken not only by mutual consent, but it is provided by law. Section 60 of Transfer of Property Act 1882 provides that protection.
According to its provisions, the amount of mortgaged property instead intended only thing that lent the money is guaranteed to return the remains. Return money to date, including principal and interest on the borrower to return all the money the person must be given back his property. That's Right "right of Rideanpashne 'is called. According to section 60, property mortgage loans put the borrower in case any person 'right of Rideanpashne "can not be denied. Put some restrictions on a glance:
Maorgeji the restrictions - The loan amount on the mortgage deed and the mortgaged property related to return the rest will return all the papers.
- During the Property of the Maorgeji Pejeshne to this is, it must also be empty. Maorgezar will bear this cost visits.
- Registered agreement in writing between the two sides will now have the right Margeji no longer rest on the property.
- On the right to freedom of Maorgezar Maorgeji court orders to stop could be at risk of sinking their money unless it. Meanwhile, Maorgezar before the deadline to return the money or return money back before the property can not.
- The amount the mortgage deed is not the return deadline, before returning the money should be informed in time by giving notice to Maorgeji, preparing to return the property to take it.
- "Right off Rideanpashne use 'have pledged to withdraw a part of the property can not be. If many people together on a property is mortgaged, it is not possible that any one person returning the property part of their share to withdraw money.
- Maorgezar have pledged the property while taking back ownership in the name of a third person also may ask to transfer.

No comments:

Post a Comment