MORTGAGOR'S RIGHT TO REDEEM THE MORTGAGE

MORTGAGOR’S RIGHT TO REDEEM THE MORTGAGE

The term Mortgage can be defined as a transfer of an interest in immovable property as security for a loan. A mortgage provides a legal interest in someone else’s property with a right to redeem.  Pledge means a secured loan against any movable property, while the mortgage is a secured loan against immovable property. Section […]

Continue Reading
The Model Tenancy Act Draft aiming to transform the lives of tenants and landowners for the good!

The Model Tenancy Act Draft aiming to transform the lives of tenants and landowners for the good!

Provisions of the Tenancy Law that now every tenant and landowner needs to know NOW! The draft for Model Tenancy Act was out in 2019, and the Ministry of Housing and Minister Affairs recently told that they will be soon approaching the Cabinet for its approval. Since its first announcement, various eminent real estate personalities […]

Continue Reading
RULE AGAINST PERPETUITY

RULE AGAINST PERPETUITY under TPA, 1882

“A Perpetuity, may be a thing odious in law , and destructive to the Commonwealth, it might put a stop to commerce, and stop the circulation of riches of the kingdom, and therefore not to be countenanced in equity “[1]  Introduction Putting restrictions on the transferability of property is highly against the socio-economic policy. Section […]

Continue Reading
LAND ACQUISITION

BLOG- Land Acquisition, Rehabilitation and Resettlement Bill, 2011

INTRODUCTION   A revision of the century-old Land Acquisition Act, 1894 has been on the anvil for quite some time, with the Supreme Court and all stakeholders repeatedly emphasizing the archaic nature of the present statute and the need for reforms that ensured a more consultative and equitable process for land acquisition and rehabilitation of affected persons. Accordingly, […]

Continue Reading