66. Waste by mortgagor in possession.

A mortgagor in possession of the mortgaged property is not liable to the mortgagee for allowing the property to deteriorate; but he must not commit any act which is destructive or permanently injurious thereto, if the security is insufficient or will be rendered insufficient by such act.

Explanation-
A security is insufficient within the meaning of this section unless the value of the mortgaged property exceeds by one-third, or, if consisting of buildings, exceeds by one-half, the amount for the time being due on the mortgage.

Transfer of Property Act full bare act.

Download Transfer of Property Act PDF.

WritingLaw
Latest posts by WritingLaw (see all)
WritingLaw ยป TPA ยป Section 66 TPA
Study Material
Law PDFs
Law Tests
Everything
For everyone in law
๐ŸŸข
53 Bare Act PDFs
Beautiful, colorful PDFs to read anywhere
๐ŸŸข
110+ complimentary PDFs
100 Law Notes + Legal Maxims, and more...
Pay just once
₹340
Free updates
Read all details Buy all Law PDFs
For those who have read Bare Acts
๐ŸŸ 
23 subject wise tests
These tests have MCQs from one law subject
๐ŸŸ 
10 mixed law tests
These tests have MCQs from multiple subjects
Pay just once
₹1200
Keep test PDFs forever
Read all details Buy all Law Tests
Best Value: ₹215 Discount
๐ŸŸก
All Law PDFs worth Rs 340
53 Bare Act PDFs + All complimentary PDFs
๐ŸŸก
All Law Tests worth Rs 1200
33 tests + 33 test PDFs
Pay just once
₹1325
All PDFs for lifetime
Read all details Buy all PDFs and all Tests