Section 39 Mortgage and Property Law of Lagos State Section 39 of the Mortgage and Property Law of Lagos State 2010 is about Application of proceeds of sale. It provides as follows: The money which is received by the mortgagee, arising from sale, after discharge of prior encumbrances t which the sale is not made…

Section 38 Mortgage and Property Law of Lagos State Section 38 of the Mortgage and Property Law of Lagos State 2010 is about Assignment on sale. It provides as follows: (1) A mortgagee exercising the power of sale conferred by the law shall have power, by deed to assign the property sold, for such estate…

Section 37 Mortgage and Property Law of Lagos State Section 37 of the Mortgage and Property Law of Lagos State 2010 is about Regulation of Exercise of Power of Sale. It provides as follows: (1) A mortgagee shall not exercise the power of sale conferred by this law unless- (i) notice requiring payment of thee…

Section 36 Mortgage and Property Law of Lagos State Section 36 of the Mortgage and Property Law of Lagos State 2010 is about Power to sell undivided share of mortgage property. It provides as follows: (1) a person who was before the commencement of this law, a mortgagee of an undivided share in land shall…

Section 35 Mortgage and Property Law of Lagos State Section 35 of the Mortgage and Property Law of Lagos State 2010 is about Powers incidental to estate or interest of mortgagee to sell, insure, appoint receiver, etc. It provides as follows: (1) A mortgagee shall by virtue of this law, have the following powers to…

Section 34 Mortgage and Property Law of Lagos State Section 34 of the Mortgage and Property Law of Lagos State 2010 is about Power of mortgagor and mortgage in possession to accept surrender of leases. It provides as follows: (1) For the purposes only of enabling a lease authorized under the last preceding section, or…

Section 33 Mortgage and Property Law of Lagos State Section 33 of the Mortgage and Property Law of Lagos State 2010 is about Leasing powers of mortgagor and mortgagee in possession. It provides as follows: (1) A mortgagor of land while in possession shall as against every encumberancer, have power to make from time to…

Section 32 Mortgage and Property Law of Lagos State Section 32 of the Mortgage and Property Law of Lagos State 2010 is about Priorities between mortgages. It provides as follows: Every mortgage affecting a legal interest in land made after the commencement of this Law whether legal or equitable shall rank according to its date…

Section 31 Mortgage and Property Law of Lagos State Section 31 of the Mortgage and Property Law of Lagos State 2010 is about Inspection, production and delivery of documents and priorities. It provides as follows: (1) A mortgagor, as long as his right to redeem subsists, shall be entitled from time to time, at reasonable…

Section 30 Mortgage and Property Law of Lagos State Section 30 of the Mortgage and Property Law of Lagos State 2010 is about Obligation to transfer instead of recovering and right to take possession. It provides as follows: (1) Where a mortgagor is entitled to redeem, subject to compliance with the terms on which he…