SARAVANA

 SARAVANAKUMAR

 15 Years Exp

 Mortgage Deed (Show More)

 Coimbatore , CBE Mpl.Central Busstand

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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 : SARAVANAKUMAR

Law Firm Name : SARAVANA

Country : India

City : Coimbatore

State : TAMIL NADU

Practicing Since: 2010

About Your Firm : We handling legal opinions and vetting of documents

Manpower/Employee Details

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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 SARAVANA :  If the period of rent agreement is less than 1 year, the agreement need not be registered and typed on a twenty rupees stamp paper and the period of rent agreement is more than 1 year, the registration and stamp charges are calculated on the basis of advance amount as per the concerned state registration fees rules.