Section 71
Renewal of mortgaged lease.
The Transfer of Property Act, 1882
About this Act
An Act to amend the law relating to the Transfer of Property by act of Parties.
When the mortgaged property is as lease 1***, 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.
Notes
1. The words "for a term of years" omitted by Act 20 of 1929, s. 36.