Section 49 Mortgage and Property Law of Lagos State Section 49 of the Mortgage and Property Law of Lagos State 2010 is about Terms of statutory legal charges. It provides as follows: (1) As a special form of charge by way of legal mortgage of right of occupancy or leasehold land may be deed expressed…

Section 48 Mortgage and Property Law of Lagos State Section 48 of the Mortgage and Property Law of Lagos State 2010 is about Cesser of mortgage terms. It provides as follows: Whether prejudice to the right of a tenant for life or other person having a limited interest in the equity of redemption to require…

Section 47 Mortgage and Property Law of Lagos State Section 47 of the Mortgage and Property Law of Lagos State 2010 is about Reconveyances of mortgages by indorsed receipts. It provides as follows: (1) A receipt indorsed on, written at the foot of, or annexed to a mortgage deed for all money secured by it,…

Section 46 Mortgage and Property Law of Lagos State Section 46 of the Mortgage and Property Law of Lagos State 2010 is about Transfer of mortgages. It provides as follows: (1) A deed executed by a mortgagee purporting to transfer his mortgage or the benefit of it shall, unless a contrary intention is expressed, and…

Section 45 Mortgage and Property Law of Lagos State Section 45 of the Mortgage and Property Law of Lagos State 2010 is about Notice of trust affecting mortgage debts. It provides as follows: (1) A person dealing in good faith with a mortgagee, or with mortgagor if the mortgage has been discharged, released or postponed…

Section 44 Mortgage and Property Law of Lagos State Section 44 of the Mortgage and Property Law of Lagos State 2010 is about Effect of advance payment on joint account. It provides as follows: (1) Where(a) in a mortgage or an obligation for payment of money or a transfer of a mortgage or of such…

Section 43 Mortgage and Property Law of Lagos State Section 43 of the Mortgage and Property Law of Lagos State 2010 is about Appointment powers, remuneration and duties of receiver. It provides as follows: (1) A mortgagee entitled to appoint a receiver after obtaining an order of a high court under powers conferred by this…

Section 42 Mortgage and Property Law of Lagos State Section 42 of the Mortgage and Property Law of Lagos State 2010 is about Amount and application of insurance money. It provides as follows: (1) The amount of an insurance effected by a mortgagee against loss or damage by fire under the power in that behalf…

Section 41 Mortgage and Property Law of Lagos State Section 41 of the Mortgage and Property Law of Lagos State 2010 is about Mortgagee’s receipts, discharge, etc. It provides as follows: (1) The receipt in writing of a mortgagee shall be a sufficient discharge for any money arising under the power of sale conferred by…

Section 40 Mortgage and Property Law of Lagos State Section 40 of the Mortgage and Property Law of Lagos State 2010 is about Exercise of the power of sale. It provides as follows: (1) The power of sale conferred by this Law may be exercised by any person for the time being entitled to receive…