Mortgage by subdemise
Created by 121.1.18.242 on 29 December 2009, at 07:52
From Law wiki, the wiki for law research
A form of Mortgage where the mortgagee acquires a long Sublease over the Leasehold estate that is mortgaged. The sublease gives the mortgagee a right of possession, which allows him to enforce his rights over the estate in the event of default by the Mortgagor.
Land Law article


