Is the Agreement of Mortgage correct for my lease agreement?
I have selected a 3BHK house for lease and will be paying rent, but the owner has prepared an agreement labeled "Agreement of Mortgage." Is this correct?
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Advocate By LEAD INDIA
Answered: 10 Mar 2025
The term "Agreement of Mortgage" is usually used in loan agreements. If this document is for renting or leasing, it may not be legally correct. Consult a lawyer to ensure that the agreement is appropriately drafted and covers all the necessary terms for a valid lease. For further legal assistance contact us on our helpline number.
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