Transfer of Property Act, 1882

Section - 72 - Rights of mortgagee in possession

Rights of mortgagee in possession

72. A mortgagee may spend such money as is necessary-

(a)	-	[Omitted by Act 20 of 1929]
(b)	-	for the preservation of the mortgaged property from destruction, forfeiture or sale;
(c)	-	for supporting the mortgagor's title to the property;
(d)	-	for making his own title thereto good against the mortgagor; and
(e)	-	when the mortgaged property is a renewable lease-hold, for the renewal of the lease,

and may, in the absence of a contract to the contrary, add such money to the principal money, at the rate of interest payable on the principal, and, where no su .... To read the full section download the app from Google Play store