Section 29 Mortgage and Property Law of Lagos State Section 29 of the Mortgage and Property Law of Lagos State 2010 is about Tacking and further advances. It provides as follows: (1) After the commencement of this Law, a prior mortgagee shall have a right to make further advances to rank in priority to subsequent…

Section 28 Mortgage and Property Law of Lagos State Section 28 of the Mortgage and Property Law of Lagos State 2010 is about Consolidation of mortgages. It provides as follows: (1) A mortgagor seeking to redeem anyone mortgage is entitled to do so without paying any money due under any separate mortgage made by him,…

Section 27 Mortgage and Property Law of Lagos State Section 27 of the Mortgage and Property Law of Lagos State 2010 is about Power of court to refer disputes to board for mediation or arbitration. It provides as follows: (1) A court may, with the consent of the parties to refer all or part of…

Section 26 Mortgage and Property Law of Lagos State Section 26 of the Mortgage and Property Law of Lagos State 2010 is about Order for injunction. It provides as follows: In granting an application for injunction to restrain the exercise of the rights or powers conferred by this Law on a mortgagee, a court shall…

Section 25 Mortgage and Property Law of Lagos State Section 25 of the Mortgage and Property Law of Lagos State 2010 is about Matters which the Court must take into consideration when giving orders. It provides as follows: A court must take into consideration the following items before giving any order—(a) the prevailing interest rates…

Section 24 Mortgage and Property Law of Lagos State Section 24 of the Mortgage and Property Law of Lagos State 2010 is about Actions for orders or reliefs. It provides as follows: Where any party seeks to enforce any right or obtain an order or reliefs from the Court arising from the operation of this…

Section 23 Mortgage and Property Law of Lagos State Section 23 of the Mortgage and Property Law of Lagos State 2010 is about Right to sue for mortgage money. It provides as follows: The mortgagee has a right to sue for mortgage money where— (a) the mortgagor binds himself to repay same; (b) the mortgaged…

Section 21 Mortgage and Property Law of Lagos State (MPL) 2010 Section 21 of the Mortgage and Property Law of Lagos State 2010 is about Realisation of equitable charges by the Court. It provides as follows: (1) Where an order for sale is made by the Court in reference to an equitable mortgage on land…

Section 20 Mortgage and Property Law of Lagos State Section 20 of the Mortgage and Property Law of Lagos State 2010 is about Realisation of leasehold mortgages. It provides as follows: (1) Where a term of years absolute has been mortgaged by the creation of another tem of years absolute limited thereout or by a…

Section 19 Mortgage and Property Law of Lagos State Section 19 of the Mortgage and Property Law of Lagos State 2010 is about Realisation of a Right of Occupancy. It provides as follows: (1) Where a Right of Occupancy has been mortgaged by the creation of a term of years absolute limited thereout or by…