
Ravi.P.D
Ravi.P.D
49 Years Exp
Property Buying/Selling (Show More)
Kozhikode , Eranhipalam
View Answers by this Partner (1)
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Name : Ravi.P.D
Law Firm Name : Ravi.P.D
Country : India
City : Kozhikode
State : KERALA
Practicing Since: 1976
About Your Firm : Deals with all land connected civil matters,family,criminal matters.
Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
---|---|---|
Ravi.P.D | K/237/76 | Kerala bar council |
Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
Property Managers
NRI Property Management ( Property Buying/Selling )
Subject : Difference between a "mortgage" and a "lease"?
Question : What is the difference between a "mortgage" and a "lease" Please explain
Answer by Ravi.P.D : Mortgage is tranfering or giving posesson of one's property to get money. Usually bank advances money on mortgage of properties. There are three types of mortgages.Simple,equitable, and usefructuos mortgage.
Lease is a person taking possession of a property on payment of monthly or yearly cash for a particular period.