Subject :  Difference between a "mortgage" and a "lease"?

Answer By Lawyer :  Much difference Mortgage means to put something as guarantee against any loan or advances from any FI, viz/ bank or financial institution. Lease means to lease out any property by its owner to someone for a certain period of time against which the owner of the property will get rent.

Subject :  Difference between a "mortgage" and a "lease"?

Answer By Lawyer :  MORTGAGE -???? ???? ???? ?? ???? ??? ?? ???? ?? ??? ?? ???? ????? ??? ?? ???????? ???? ?? ?? ??? ???? ?? ,,??? ?? ??? ?? ?????????? ???? ?? ?? ???????? ????? ?? ?????? ??? ?? ????? ???? ?? ????? ?? ???? ????? \

Subject :  Difference between a "mortgage" and a "lease"?

Answer By Lawyer :  Mortgage: Property pledged against financial commitment (Loan) with any financial institution Lease: Property occupy for a certain period for use on monthly consideration

Subject :  Difference between a "mortgage" and a "lease"?

Answer By Lawyer :  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.

Subject :  Difference between a "mortgage" and a "lease"?

Answer By Lawyer :  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.

Subject :  Difference between a "mortgage" and a "lease"?

Answer By Lawyer :  Mortgage means you have to mortgage your documents for loan in bank or any financial institutions. Lease means you have to lease out your property in other name.

Subject :  Difference between a "mortgage" and a "lease"?

Answer By Lawyer :  Mortgage and lease have been exclusively dealt with in the Transfer of Property Act. As per Section 58 of the said Act, mortgage is the transfer of an interest in specific immoveable property for the purpose of securing the payment of money advanced or to be advanced by way of loan, an existing or future debt, or the performance of an engagement which may give rise to a pecuniary liability. Section 105 TOPA states that a lease of immoveable property is a transfer of a right to enjoy such property, made for a certain time, express or implied, or in perpetuity, in consideration of a price paid or promised, or of money, a share of crops, service or any other thing of value, to be rendered periodically or on specified occasions to the transferor by the transferee, who accepts the transfer on such terms. Difference- 1. In mortgage, the interest in property is transferred for securing payment of money whereas in lease, interest in property is transferred for enjoyment of property in exchange of some consideration. 2. Almost all types of mortgage requires registration of property but lease requires registration only if the lease period exceeds 11 months. 3. Mortgage deed requires attestation by 2 witness but lease does not require the same. 4. In mortgage the consideration is known as mortgage money whereas in lease, the consideration is known as premium or rent.