Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Raghav Arora   12 January 2021

Transfer of property act

what is an intermediate encumbrancer? 

Came across the term while reading the concept of mortgage. Section 60 A took me for a ride. 

 

Any expert who might help?

 



Learning

 1 Replies

Kevin Moses Paul   15 January 2021

The term "encumbrance" refers to load, debt etc i.e. a charge or a claim against a land out of private permission or any such contract. It is a right/interest or a liability on a property that does not allows passing title but diminishes its value or price. Therefore, intermediate encumbrance refers to a broker (dalal) who becomes an intermediate between the two parties (seller and buyer).

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register