Versatile Legal
Veena R
27 Years Exp
Mortgage Deed (Show More)
Bangalore , Industrial Estate (Bangalore)
View Answers by this Partner (3)
Profile Views : 21276
Information
Overview
A mortgage deed is a document that gives a lender (also known as a mortgagee) the legal right and interest in a property. A mortgage allows a borrower (also known as a mortgagor) to pledge his home or any such property as security for a loan; the mortgage deed represents the lender's ownership in the property.
A simple mortgage gives two-fold rights to a mortgagee: i) a covenant on the part of the mortgagor to pay the debt; and ii) the right granted to the mortgagee to realise his dues from and out of the property mortgaged to him. These rights also gives the mortgagee the power to proceed in the Court should the mortgagor be in breach of any of the two rights granted to the mortgagee. In a simple mortgage, the security is two-fold: one is the property and the other is the personal obligation.
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Name : Veena R
Law Firm Name : Versatile Legal
Country : India
City : Bangalore
State : KARNATAKA
Practicing Since: 1998
About Your Firm : I am an advocate having 20 years experience. I have initially worked for a senior advocate for 6 years where I was responsible to take care of court matters, property title verifications, registrations, khata transfer and related services. Subsequently, I worked for two leading law firms in Bangalore for a period of 1 1/2 years post which I started practising independently from 2009 onwards. I render services in the areas of litigation, real estate and corporate documentation.
| Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
|---|---|---|
| Veena R | Kar 628/1999 | Karnataka |
| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
Forming Owners Associations/Societies ( Layouts )
Legal Opinion/Title Certification ( Apartment/Builder Floor )
Legal Opinion/Title Certification ( Residential Layout )
Legal Opinion/Title Certification ( Villa Project )
Power of Attorneys ( Drafting General Power of Attorney )
Power of Attorneys ( Drafting Special Power of Attorney )
Forming Owners Associations/Societies ( Apartments )
Legal & Drafting
Agreements/Deeds ( Partition Deed )
Lease/Rental Agreements ( Residential Lease Agreement )
Affidavits ( Personal Affidavits )
Agreements/Deeds ( Construction Agreement )
Agreements/Deeds ( Memorandum of Understanding )
Lease/Rental Agreements ( Room Rental Agreement )
Packages ( Legal Opinion to Registration (Plot/Site) )
Affidavits ( Student Affidavits )
Agreements/Deeds ( Sale deed )
Agreements/Deeds ( Joint Development Agreement )
Lease/Rental Agreements ( Office Sharing Agreement )
Packages ( Sale Agreement to Registration (Plot/Site) )
Affidavits ( Gas Affidavits )
Agreements/Deeds ( Gift Deed )
Registration Assistance ( Plot )
Procure Revenue Documents ( Encumbrance Certificate )
Packages ( Sale Agreement to Registration (Apartment) )
Affidavits ( General Affidavits )
Agreements/Deeds ( Sale Agreement/Deed Review )
Registration Assistance ( Apartment )
Procure Revenue Documents ( Khata Extract )
Packages ( Legal Opinion to Registration (Apartment) )
Affidavits ( Other Affidavits )
Agreements/Deeds ( Construction Agreement Review )
Registration Assistance ( Revenue/Other Site )
Procure Revenue Documents ( Khata Certificate )
Legal Opinion (Written) ( Plots )
Property & Documents Inspection ( Plot/Site Insepction )
Agreements/Deeds ( Rectification Deed )
Lease/Rental Agreements ( Apartment Rental Agreement )
Procure Revenue Documents ( Khata Transfer )
Legal Opinion (Written) ( Apartment )
Property & Documents Inspection ( House/Apartment Inspection )
Agreements/Deeds ( Relinquishment deed )
Lease/Rental Agreements ( House Rental agreement )
Power of Attorneys ( General Power of Attorney )
Legal Opinion (Written) ( Villas )
Property & Documents Inspection ( Documents Inspection in Builder Office )
Agreements/Deeds ( Mortgage Deed )
Lease/Rental Agreements ( Commercial Office Rental Agreement )
Wills ( Make A will )
Legal Opinion (Written) ( Independent House )
Agreements/Deeds ( Exchange Deed )
Lease/Rental Agreements ( Commercial Shop Rental Agreement )
Notary & Attestation Services ( Get A Document Notarised )
Legal Opinion (Written) ( Revenue/Other Site )
Agreements/Deeds ( Release Deed )
Lease/Rental Agreements ( Commercial Lease Agreement )
Affidavits ( Name & Address Affidavits )
Agreements/Deeds ( Agreement of Sale )
NRI Services
Power of Attorneys for NRIs ( General Power of Attorney by NRI )
Subject : Cost of rental agreement
Question : What is the total cost of rental agreement including stamp paper for rental in Hebbal apartment and how much time to send
Answer by Versatile Legal : If the term of the rent is less than one year, the minimum stamp duty payable is Rs. 500/- on a rental agreement. Normally, the stamp duty is payable on the rental value and the security deposit that is paid. If the details of the property, rent and security deposit, parties addresses are sent, we could take about two hours to send the draft of the rental agreement.
Subject : Drafting a Will
Question : Can i specify an under construction property in the Will? The property will be delivered only after a year. But i want to register the Will now by bequeathing my properties to my son. Is that possible?
Answer by Versatile Legal : Yes you can but incorporate the property description in detail and also specify that this property is under construction and will be delivered to you within a particular timeframe. In the event you have signed an agreement of sale with the builder, make the agreement as an annexure to the Will, so that it will not be disputed later on that the property was acquired after execution of the will.
Subject : Difference between a "mortgage" and a "lease"?
Question : What is the difference between a "mortgage" and a "lease" Please explain
Answer by Versatile Legal : Mortgage is the transfer of an interest in specific immovable property for the purpose of securing the payment of money advanced or to be advanced whereas lease of an immovable property is the transfer of a right to enjoy a property for a specified time period and can be express or implied.
In a mortgage, there is interest involved whereas in a lease, the permission to use the property is granted subject to payment of lease rent and security deposit.
