Section 70 - Accession to mortgaged property : Transfer of Property Act, 1882
What is Accession to mortgaged property? Section 70 of Transfer of Property Act, 1882
Section 70 of Transfer of Property Act 1882 : "Accession to
70. If, after the date of a mortgage, any
accession is made to the mortgaged property, the
mortgagee, in the absence of a contact to the
contrary, shall, for the purposes of the security,
be entitled to such accession.
(a) A mortgages to B a certain field bordering on a river. The
field is increased by alluvion. For the purposes of his
security, B is entitled to the increase.
(b) A mortgages a certain plot of building land to B and
afterwards erects a house on the plot. For the purposes of his
security, B is entitled to the house as well as the plot.