சொத்தின் சுவாதீனத்துடன் கூடிய ஈடுகாட்டிய அடமானக் கடன் பத்திரம்
The Mortgage Loan Deed with Possession is a Tamil template for recording a loan secured by handing possession of the described property to the lender, with repayment required within the period entered in the deed. The supplied text does not identify an issuing department or authority, government order number, or issue date.
What the deed covers
The Mortgage Loan Deed with Possession records an arrangement in which a property owner receives a stated loan amount in cash and gives the lender possession of the property as security. The loan amount, date, repayment period and property details must be entered in the blank spaces.
The text is a template rather than a completed transaction. It contains placeholders for the year, month, date, addresses, ages, identity card details, mobile numbers and other particulars of the lender and borrower.
Who it affects
The Mortgage Loan Deed with Possession directly concerns:
- The borrower who owns the property and creates the mortgage.
- The lender who pays the mortgage amount and receives possession of the property.
- The lender's heirs or authorised persons, who may receive repayment.
- Witnesses before whom the borrower signs the deed voluntarily.
Property and ownership statements
The Mortgage Loan Deed with Possession requires the borrower to state that the property described in the schedule belongs to the borrower and was in the borrower's possession. It also records that the borrower acquired the property through a registered document and has owned and enjoyed it since that acquisition.
The deed provides spaces for the relevant Sub Registrar Office, Book 1 registration details, document number and year. The full property description must be entered separately in the property schedule.
Key terms recorded
- The borrower states that money is required for family needs.
- The borrower confirms receiving the stated mortgage loan amount from the lender in cash on the entered date.
- Possession of the scheduled property is handed to the lender as security for the loan.
- The borrower agrees to repay the mortgage amount within the period entered in the deed.
- After repayment to the lender, the lender's heirs or authorised persons, the borrower may recover possession of the property.
- If repayment is not made, the lender may take action against the borrower and the scheduled property.
- The borrower also agrees that action may be taken under Sections 69 and 69A of the Transfer of Property Act, and that the total amount may be recovered together with related costs.
The supplied text does not specify a fixed loan amount, repayment period, interest rate, stamp duty or registration fee.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
Does this mortgage deed give possession of the property to the lender?
Yes. The deed states that the borrower hands possession of the described property to the lender as security for the mortgage loan.
When does the borrower get the property back?
The deed states that the borrower may recover possession after repaying the mortgage amount within the entered period to the lender, the lender's heirs or authorised persons.
What can the lender do if the borrower does not repay?
The lender may take action against the borrower and the property. The deed also refers to action under Sections 69 and 69A of the Transfer of Property Act and recovery of the total amount with related costs.
Does the template specify the loan amount or repayment period?
No fixed amount or period is printed. Both are left blank to be completed for the particular transaction.
