Tuesday, July 19, 2011

Duties of Chargor

  • To pay loan and interest 
  • To pay rents , rates , taxes etc
  • To observe all conditions of land use 
  • To observe provisions of lease ( if leasehold ) and pay rents 
  • To keep buildings in proper repair . 
  • To insure buildings . 
  • To give chargee the right of entry for inspection and to remedy any breach .

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