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Property Law Act 1958
116Cesser of mortgage terms
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116 Cesser of mortgage terms
Where a mortgage is by demise or sub-demise then without prejudice to the right of a tenant forlife or other person having only a limited interest in the equity of redemption to require the mortgage to be kept alive by transfer or otherwise, the mortgage term shall, when the money secured by the mortgage has been discharged, become a satisfied term and shall cease[[28]](#endnote-29).
No. 3754 s. 117.