Procedure for mortgage registration without possession
17-Feb-2023 (In Property Law)
Hi, I am lending money to some one and in return the other party is doing mortgage registration on their property(Agriculture land + Guest House in it) for security. I have following questions. 1 .What is the legal process for possession if conditions not met by other party? 2. How long does that process takes in best/worst case scenario? 3. What kind of protection I have with this registration? 4 .What wording I should put in registration documents for A. Possession of property if other party didn't clear with in time mentioned. B. Didn't paid interest in agreed intervals 5. What is the meaning of mortgage without possession?
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