LAND ADMINISTRATION ACT 1997 - SECT 251
LAND ADMINISTRATION ACT 1997 - SECT 251
251 . Mortgage debts, application of compensation to
(1) If an interest in
the land in respect of which compensation is payable or awarded is subject to
a mortgage, the compensation, or so much of it as is required for the purpose,
upon the application of the mortgagee, is to be paid towards the discharge of
the mortgage debt, so far as the compensation will go.
(2) In this section
—
mortgage debt includes the interest payable on the
mortgage concerned up to 6 months after the date of the taking.