- He has the right to force a sale on the land under charge to recover the monies due to him ( only by court order ) , or in the event of a breach agreement by the charger .
- He may take possession of the land under charge when the chargor is in breach of agreements .
- He may transfer the charge to a new chargee
- He has the right to keep the issue document of title or the duplicate lease .
- He has the right to tack .i.e. further advances by the chargee to the chargor may be tacked on to and secured by a charge registered by the chargor in favour of the chargee .
Tuesday, July 19, 2011
Rights of Chargee
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