Multiple choice

In case of mortgaged lease, if the mortgage obtains a renewal of the lease, the mortgagor upon redemption shall

  1. not have the benefit of new lease

  2. have the benefit of new lease

  3. have the benefit of previous lease

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The mortgager will have the benefit of new lease in this case. Thus, (2) is the correct option. The previous lease has already expired. Thus, (3) cannot be the correct option. (1) is incorrect because such benefits are applicable.

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