349
In forceLiability of mortgagee in possession
Chapter 6Registration and dealings
Part 4Dealings affecting land
Division 4Mortgages
349 Liability of mortgagee in possession
A mortgagee who enters into possession under a lease or sublease (whether by taking the rents or profits or in another way) is liable under the lease or sublease to the same extent as the lessee or sublessee was liable under the lease or sublease before the mortgagee entered into possession.
This Act’s bill:Explanatory memorandum
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