Running Head: PROPERTY LAW 1
This paper has comprehensively defined three laws; mortgage law, lease property law,
and adverse possession law. These laws are discussed in the context of three key laws;
English Property Law, Islamic Property Law, and Saudi Arabia Property Law. A mortgage
can be defined as a loan in which real estate or property is utilized as collateral. With the
lender, normally a financial institution, the borrower enters into an agreement in which the
cash upfront is received by the borrower then they make payments for a specific time period
until he repays the full amount to the lender. Lease property is basically a term that is used in
the property law in which the property of one party (lessee) is given on rent to a different
party (Leasor). The adverse possession doctrine of enables a land occupier who is not the true
owner for acquiring the land title deprived of any agreement with or compensation to the 'real'
owner.
,Property Law 2
Property Laws
Name
Course
Instructor
Date
, Property Law 3
Property Laws
MORTGAGE
A mortgage can be defined as a loan in which real estate or property is utilized
as collateral. With the lender, normally a financial institution, the borrower enters into an
agreement in which the cash upfront is received by the borrower then they make payments for a
specific time period until he repays the full amount to the lender. Usually, the type of home
buyers who do not have sufficient funds in hand for purchasing a home enters into these types
of loans. Using the home as collateral, mortgage loan also utilized for borrowing cash from a
financial institution for different projects (Foote, Murphy, & Sentowski, 2007).
English Property Law
Mortgages basically are used under English Property Law as an instrument with the help
of which the borrower can get a loan from the bank (Mortgagee) by mortgaging its property. The
bank lends the money to the borrower (mortgagor) for fulfilling his or her financial needs. In
case if the mortgagor is unable to pay the borrowed money or loan to the mortgagee, the
mortgagee or the bank has complete rights to acquire the property mortgaged by the mortgagor.
It can be understood from this activity that a key role is played by the mortgage in the English
Property Law. When it comes to entering in an agreement, there are restrict processes and
policies from which the mortgagor and mortgagee have to go through. When both the borrower
and the lender are connected through a contract, there is also the involvement of the law. Taxes
are the part of mortgages and are placed by the law. These taxes based mainly on the interest that
is received throughout the selling of the properties (Hudson, 2013).
This paper has comprehensively defined three laws; mortgage law, lease property law,
and adverse possession law. These laws are discussed in the context of three key laws;
English Property Law, Islamic Property Law, and Saudi Arabia Property Law. A mortgage
can be defined as a loan in which real estate or property is utilized as collateral. With the
lender, normally a financial institution, the borrower enters into an agreement in which the
cash upfront is received by the borrower then they make payments for a specific time period
until he repays the full amount to the lender. Lease property is basically a term that is used in
the property law in which the property of one party (lessee) is given on rent to a different
party (Leasor). The adverse possession doctrine of enables a land occupier who is not the true
owner for acquiring the land title deprived of any agreement with or compensation to the 'real'
owner.
,Property Law 2
Property Laws
Name
Course
Instructor
Date
, Property Law 3
Property Laws
MORTGAGE
A mortgage can be defined as a loan in which real estate or property is utilized
as collateral. With the lender, normally a financial institution, the borrower enters into an
agreement in which the cash upfront is received by the borrower then they make payments for a
specific time period until he repays the full amount to the lender. Usually, the type of home
buyers who do not have sufficient funds in hand for purchasing a home enters into these types
of loans. Using the home as collateral, mortgage loan also utilized for borrowing cash from a
financial institution for different projects (Foote, Murphy, & Sentowski, 2007).
English Property Law
Mortgages basically are used under English Property Law as an instrument with the help
of which the borrower can get a loan from the bank (Mortgagee) by mortgaging its property. The
bank lends the money to the borrower (mortgagor) for fulfilling his or her financial needs. In
case if the mortgagor is unable to pay the borrowed money or loan to the mortgagee, the
mortgagee or the bank has complete rights to acquire the property mortgaged by the mortgagor.
It can be understood from this activity that a key role is played by the mortgage in the English
Property Law. When it comes to entering in an agreement, there are restrict processes and
policies from which the mortgagor and mortgagee have to go through. When both the borrower
and the lender are connected through a contract, there is also the involvement of the law. Taxes
are the part of mortgages and are placed by the law. These taxes based mainly on the interest that
is received throughout the selling of the properties (Hudson, 2013).
