SECTION 71 – Renewal of mortgaged lease.

The Transfer of Property Act, 1882

SECTION 71

Renewal of mortgaged lease.

Renewal of mortgaged lease.—When the mortgaged property is a lease, and the mortgagor obtains a renewal of the lease, the mortgagee, in the absence of a contract to the contrary, shall, for the purposes of the security, be entitled to the new lease.